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Press Release: Fitch Ratings
May 18, 2004
CHICAGO, IL -- Fitch Ratings has issued a presale report on Cendant Timeshare 2004-1 Receivables Funding, LLC.
(Cendant Timeshare 2004-1). The underlying pool backing the Cendant Timeshare 2004-1 notes consists of timeshare
loans originated by Fairfield Resorts, Inc. (FRI) and Trendwest Resorts, Inc. (Trendwest), both wholly owned operating
subsidiaries of Cendant Corporation (rated 'BBB+', Rating Outlook Stable by Fitch).
The presale report is available to all investors on Fitch's corporate site, 'www.fitchratings.com'. For more information about Fitch's comprehensive subscription service
FitchResearch, which includes all presale reports, surveillance, and credit reports on more than twenty asset classes,
contact product sales at 212-908-0800 or at 'webmaster@fitchratings.com'.
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Contact:
Fitch Ratings
Brigid Keyes, 312-606-2361
John Bella, 312-368-2058
Fitch Ratings, New York
Sandro Scenga, 212-908-0278 (Media Relations)
Source: Fitch Ratings