Outlook Stable: Fitch Affirms Chrysler Financial Auto Securitization Trust


chrsyler (select to view enlarged photo)

NEW YORK--June 1, 2011: As part of its ongoing surveillance, Fitch Ratings affirms one class of Chrysler Financial Auto Securitization Trust (CFAST) 2009-A as follows:

--Class A-3 at 'AAAsf'; Outlook Stable.

The rating affirmations are based on available credit enhancement and loss performance. The collateral pools continue to perform within Fitch's expectations. In addition, under the credit enhancement structure, the securities are able to withstand stress scenarios consistent with the original ratings and make full payments to investors in accordance with the terms of the documents.

The ratings reflect the quality of TD Auto Finance LLC's, (the servicer of 2009-A, and formerly known as Chrysler Financial Services Americas LLC) retail auto loan originations, the strength of its servicing capabilities, the sound financial and legal structure of the transaction.

Applicable Criteria and related research:

--'U.S. Auto Loan ABS Rating Criteria', dated April 20, 2011;

--'Global Structured Finance Rating Criteria', dated Aug. 16, 2010

Applicable Criteria and Related Research:

U.S. Auto Loan ABS Rating Criteria

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