New York, July 27, 2016 -- Moody's Investors Service (Moody's) has assigned provisional ratings to the notes to be issued by Toyota Auto Receivables 2016-C Owner Trust (TAOT 2016-C). This is the third TAOT auto loan transaction of the year for Toyota Motor Credit Corporation (TMCC; Aa3 stable). The notes will be backed by a pool of retail automobile loan contracts primarily originated by TMCC, who is also the servicer and administrator for the transaction.
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