Press Release

DBRS Confirms Ratings of US Auto ABS Transactions

Auto

July 26, 2012

DBRS, Inc. has conducted a review of several outstanding U.S. structured finance auto asset-backed securities transactions. Of the 7 publicly rated series reviewed, 9 outstanding classes were confirmed, 11 classes were upgraded, and 14 classes were discontinued due to repayment of the notes.

The collateral supporting the transactions is performing within DBRS expectations and available credit enhancement for each class is sufficient to cover DBRS expected losses. For the ratings that were upgraded, the transactions have exhibited positive performance trends and experienced increases in credit support sufficient to withstand stresses at their new rating level.

The following public transactions have been reviewed:
• Capital Auto Receivables Asset Trust 2007-2
• Capital Auto Receivables Asset Trust 2008-1
• Chrysler Financial Auto Securitization Trust, Series 2010-A
• Credit Acceptance Auto Loan Trust 2010-1
• Ford Credit Auto Owner Trust 2009-D
• HELIOS Finance Limited Partnership 2007-S1
• Westlake Automobile Receivables Trust 2010-1

Notes:
The applicable methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

Capital Auto Receivables Asset Trust 2007-2

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Asset-Backed Notes, Class C	AA (sf)	--	Upgraded	US E
26-Jul-12	Asset-Backed Notes, Class D	A (sf)	--	Upgraded	US E
26-Jul-12	Asset-Backed Notes, Class A-4a	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Asset-Backed Notes, Class A-4b	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Asset-Backed Notes, Class A-PT	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Asset-Backed Notes, Class B	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Asset-Backed Notes, Class A-4a	AAA (sf)	--	Confirmed	US E
26-Jul-12	Asset-Backed Notes, Class A-4b	AAA (sf)	--	Confirmed	US E
26-Jul-12	Asset-Backed Notes, Class B	AA (sf)	--	Upgraded	US E
26-Jul-12	Asset-Backed Notes, Class C	A (sf)	--	Upgraded	US E
26-Jul-12	Asset-Backed Notes, Class D	BBB (sf)	--	Upgraded	US E
26-Jul-12	Asset-Backed Notes, Class A-3a	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Asset-Backed Notes, Class A-3b	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Series 2010-A, Class A-3	AAA (sf)	--	Confirmed	US E
26-Jul-12	Series 2010-A, Class B	AAA (sf)	--	Upgraded	US E
26-Jul-12	Series 2010-A, Class C	AA (sf)	--	Upgraded	US E
26-Jul-12	Series 2010-A, Class D	A (sf)	--	Upgraded	US E
26-Jul-12	Series 2010-A, Class A-2	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Series 2010-1, Class A	AAA (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Class A-3	AAA (sf)	--	Confirmed	US E
26-Jul-12	Class A-4	AAA (sf)	--	Confirmed	US E
26-Jul-12	Class B	AAA (sf)	--	Confirmed	US E
26-Jul-12	Class C	AAA (sf)	--	Upgraded	US E
26-Jul-12	Class D	AA (low) (sf)	--	Upgraded	US E
26-Jul-12	Class A-2	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class B-3	C (sf)	--	Confirmed	US E
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class B-4	C (sf)	--	Confirmed	US E
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class A-1	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class A-2	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class A-3	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class B-1	Discontinued	--	Disc.-Repaid	US
26-Jul-12	Credit-Linked Notes, Series 2007-S1, Class B-2	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Jul-12	Series 2010-1, Class B	AAA (sf)	--	Upgraded	US E
26-Jul-12	Series 2010-1, Class A	Discontinued	--	Disc.-Repaid	US

Capital Auto Receivables Asset Trust 2007-2

Asset-Backed Notes, Class C

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class D

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class A-4a

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Class A-4b

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Class A-PT

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Class B

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Capital Auto Receivables Asset Trust 2008-1

Asset-Backed Notes, Class A-4a

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class A-4b

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class B

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class C

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class D

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:USE

Asset-Backed Notes, Class A-3a

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Asset-Backed Notes, Class A-3b

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Chrysler Financial Auto Securitization Trust, Series 2010-A

Series 2010-A, Class A-3

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-A, Class B

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-A, Class C

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-A, Class D

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-A, Class A-2

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Credit Acceptance Auto Loan Trust 2010-1

Series 2010-1, Class A

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Ford Credit Auto Owner Trust 2009-D

Class A-3

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Class A-4

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Class B

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Class C

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Class D

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:USE

Class A-2

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

HELIOS Finance Limited Partnership 2007-S1

Credit-Linked Notes, Series 2007-S1, Class B-3

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:USE

Credit-Linked Notes, Series 2007-S1, Class B-4

Date Issued:Jul 26, 2012
Rating Action:Confirmed
Ratings:C (sf)
Trend:--
Rating Recovery:
Issued:USE

Credit-Linked Notes, Series 2007-S1, Class A-1

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Credit-Linked Notes, Series 2007-S1, Class A-2

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Credit-Linked Notes, Series 2007-S1, Class A-3

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Credit-Linked Notes, Series 2007-S1, Class B-1

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Credit-Linked Notes, Series 2007-S1, Class B-2

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Westlake Automobile Receivables Trust 2010-1

Series 2010-1, Class B

Date Issued:Jul 26, 2012
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2010-1, Class A

Date Issued:Jul 26, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

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.

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