Merrill Lynchannounced this week its plans to price a $1.8 billion deal backed by retail auto loans purchased wholesale from Capital One Financial, E-Loan Inc., Ford Motor Credit Co. and Onyx Acceptance Corp. The seven-tranche deal includes five tranches with an expected rating of triple-A or better, as well as single-A and triple-B classes, according to a presale report from Fitch Ratings. The deal represents the first auto loan securitization issued by the Merrill Auto Trust Securitization, tagged MATS 2005-1.


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