After Ford Motor Credit Co.'s (FMCC) ABS sale had been reportedly pulled last Wednesday, along with a planned sale from another unamed issuer, the firm is pushing through with its auto ABS offering called Ford Credit Auto Owner Trust 2010-B.

The sale was derailed after Standard & Poors, Moody's Investors Service, Fitch Ratings and DBRS withdrew their ratings from publicaton in securitization deals' public offering documents because of the repeal of Section 436(G) of the Securities Act of 1933. This repeal opened the rating agencies to potential liability under Section 11 of the said act.

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