DBRS Assigns Provisional Ratings to CARAT 2007-2

DBRS has today assigned provisional ratings to the Capital Auto Receivables Asset Trust 2007-2 (CARAT 2007-2) transaction as noted below:

-- $1,500 million Asset-Backed Notes, Class A-PT rated at AAA
-- $290 million Asset-Backed Notes, Class A-1 rated at R-1 (high)
-- $440 million Asset-Backed Notes, Class A-2 rated at AAA
-- $380 million Asset-Backed Notes, Class A-3 rated at AAA
-- $229,364,000 Asset-Backed Notes, Class A-4 rated at AAA
-- $97,650,000 Asset-Backed Notes, Class B rated at A
-- $45,069,000 Asset-Backed Notes, Class C rated at BBB
-- $15,023,000 Asset-Backed Notes, Class D rated at BB

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

The CARAT 2007-2 notes are expected to settle on August 23, 2007. The CARAT 2007-2 transaction represents the second public securitization of retail auto loans in 2007.

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.
Class A-1, B, C and D notes are being offered as a 144a.