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  • FP Turbo ABS sputters

FP Turbo ABS sputters

16 October 2014 5:25PM Ian Rogers
A reworking of the FP Turbo Trust 2007-1 (Australia) will lead to a small fry asset-backed sale by Fleetpartners.

A$39.5 million of Class F debt securities are to be sold. An "existing Seller 1 note will be renamed Class F and a new unrated Seller 1A note will be issued," Moody's Investors Service said.

"In addition, the minimum credit support levels have been amended."
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