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AmeriCredit expands surety exposure to third guarantor

As promised, non-prime auto lender AmeriCredit Corp. brought an auto loan ABS last week, backed by a wrap from guarantor XL Capital, albeit three months after initially thought (see ASR 2/24/03).

The $825 million fixed- and floating-rate 2003-B-X transaction, led jointly by Credit Suisse First Boston and Deutsche Bank...

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