S&P views Boeing Capital as a captive finance company
of Boeing, given its portfolio mix.
Bob Sattler, vice president of Hyster Capital (www.hyster.com ), the captive finance company
for Hyster Co., says he's seeing more refinancing activity than new-truck transactions.
For example, if Fitch believed that CFSC had become less core to CAT's strategic operations and/or adequate financial support was not provided to the captive finance company
in a time of need.
The deal represented the first international securitisation issuance through a Singapore incorporated SPV listed on Singapore Exchange, as well as being the first public issuance out of Korea by a foreign captive finance company
in recent years.
When a customer funds from a captive finance company
, such as TFS, it allows TFS to leverage its relationship with Toyota and the dealer network in order to remarket a customer's used lift truck equipment before financing the new trucks.
--A change in the perceived relationship between CNHI and CNHI Capital, for example, if Fitch believes that CNHI Capital is no longer core to CNHI's strategic operations or that adequate financial support will not be provided to the captive finance company
in a time of need;.
CACF and FGA have agreed to extend the term of their alliance in respect of FGAC to ensure the long term sustainability of FGAC, the captive finance company
that handles FGA's main financing activities in retail auto financing, dealership financing, long-term car rental and in fleet management.
The ratings reflect the company's satisfactory profitability, good asset quality, and integration with its sole parent, Taiwan Acceptance Corp, which is the captive finance company
of Yulon Motors Co.