DBRS Assigns Provisional Ratings to DCAT 2008-A
AutoDBRS has today assigned provisional ratings to the DaimlerChrysler Auto Trust 2008-A (DCAT 2008-A) transaction as noted below:
--$580,000,000 Asset-Backed Notes, Class A-2 rated at AAA
--$285,000,000 Asset-Backed Notes, Class A-3 rated at AAA
--$210,300,000 Asset-Backed Notes, Class A-4 rated at AAA
Finalization of the ratings is contingent upon receipt of final documents conforming to information already received.
The DCAT 2008-A notes are expected to settle on February 21, 2008. This transaction represents the first public securitization of retail auto loans by DaimlerChrysler Financial Services Americas LLC in 2008.
The provisional ratings reflect the ability of 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.
Ratings
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