GE Capital announced a $421 million dealer floorplan securitization as the fixed-income bond markets reopened Wednesday.
The deal, called
According to a Fitch presale report, GE’s dealer floorplan master trust has experienced minimal net losses going back to 2004. The monthly trust default rate was 0.33% in August 2012, in line with historical levels. Monthly payment rates (MPR), agings, and delinquencies are also currently stable, and have steadily improved in the past couple years.