Hyundai plans to issue a $1.31 billion prime auto ABS deal called Hyundai Auto Receivables Trust 2013-A (HART 2013-A).

Both Moody’s Investors Service  and Standard & Poor’s have assigned provisional ratings to the notes. The $305 million class A-1 notes are rated ‘P-1’/ ‘A-1+’; the $428 million class A-2 notes are rated ‘Aaa’ / ‘AAA’; the $374 million class A-3 notes are rated ‘Aaa’/ ‘AAA’; the $143 million class A-4 notes are rated ‘Aaa’ / ‘AAA’; the $25.02 million class B notes are rated ‘Aa3’/ ‘AA+’; and the $38.56 million class C notes are rated ‘A2’/ ‘A+’.

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