Fitch Ratings assigns a rating of 'BBB' to the $550,000,000 Textron Financial Corporation Receivables Trust 2002-CP-2, series 2002-1 variable funding notes.
The certificate is backed by a revolving pool of aircraft receivables contracts and the underlying collateral. The rating addresses the likelihood of full repayment of interest and principal in accordance with the terms of the documents. The transaction is subject to renewal on Dec. 9, 2009.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
Contacts:
Fitch Ratings
Bradley Sohl, +1-312-368-3127 (Chicago)
Benjamin
Tano, +1-212-908-0871 (New York)
Media Relations:
Cindy
Stoller, +1-212-908-0526 (New York)
cindy.stoller@fitchratings.com