DBRS Finalizes Ratings for Capital Auto Receivables Asset Trust (CARAT) 2006-2, Assigns New Rating

Dominion Bond Rating Service (DBRS) has today finalized the ratings of the Capital Auto Receivables Asset Trust 2006-2 (CARAT 2006-2) transaction as noted below. DBRS has also assigned a rating to Class D notes as noted below.

--$750,000,000 Asset Backed Notes, Class A-1 rated at R-1 (high)
-- $350,000,000 Asset Backed Notes, Class A-2a rated at AAA
--$698,000,000 Asset Backed Notes, Class A-2b rated at AAA
--$400,000,000 Asset Backed Notes, Class A-3a rated at AAA
-- $617,690,000 Asset Backed Notes, Class A-3b 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
-- $15,033,000 Asset Backed Notes, Class D rated at BB

The 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. The ratings on the notes do not address the likelihood or frequency of prepayments on the underlying loans or the possibility that a holder of the notes might realize a lower than anticipated yield.

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