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With governments struggling to rein in their finances, rating agencies are becoming increasingly twitchy; rich countries such as America and Britain are fearful of losing their hallowed triple-A status.
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Michael Kanef, head of the asset-backed finance rating group at Moody's Investors Service, said his company likewise had no conflicts of interest that led to inflated ratings.
The friend got a 5.9percentt financing rate anyway.
And financing rates on four- and five-year deals will rise.
Agree to it, but ask for better financing rates or a few free options.
The financing rates offered -- as low as 0.9percentt -- were significantly lower than in previous programs.
And car companies have relied on cheap financing rates to maintain sales.
Fine, I said — give me the higher finance rate and return my $2,395.
Any promotional financing rates from BMW in effect at that time would be applied then.
He represented banks and utility companies in financing, rate changes and mergers during his 30 years with the firm.
G.M. and Ford were offering 9.9percentt annual financing rates on a wide range of vehicles during the period.
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