Press Release

DBRS Assigns Provisional Ratings to DCAT 2008-A

Auto
February 12, 2008

DBRS 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

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.