DBRS Assigns Preliminary Ratings to Capital Auto Receivables Asset Trust (CARAT) 2006-2

Dominion Bond Rating Service (DBRS) has today assigned provisional ratings to the Capital Auto Receivables Asset Trust 2006-2 (CARAT 2006-2) transaction as noted below:

--$750,000,000 Asset Backed Notes, Class A-1 rated at R-1 (high)
--$1,048,000,000 Asset Backed Notes, Class A-2 rated at AAA
--$1,017,690,000 Asset Backed Notes, Class A-3 rated at AAA
--$102,224,000 Asset Backed Notes, Class B rated at A (high)
--$57,125,000 Asset Backed Notes, Class C rated at BBB

Finalization of the ratings is contingent upon receipt of final documents conforming to information already received.

The CARAT 2006-2 notes are expected to be issued on December 14, 2006. The CARAT 2006-2 transaction represents the second public securitization of retail auto loans in 2006.

The provisional ratings reflect the ability of the credit enhancement within the transaction structure to withstand significant stresses relative to base case losses and prepayment speeds, as appropriate for the rating category.

Note:
All figures are in U.S. dollars unless otherwise noted.