Fitch Affirms Honda Auto Receivables Owner Trust 2010-3

FYI: Honda Buyer's Guide

NEW YORK--October 7, 2011: Fitch Ratings affirms the following classes of Honda Auto Receivables Owner Trust (HAROT) 2010-3 as part of its ongoing surveillance:

--Class A-2 at 'AAAsf'; Outlook Stable;

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

--Class A-4 at 'AAAsf'; Outlook Stable.

The rating affirmations are based on available credit enhancement and loss performance to date. 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 American Honda Finance Corporation's retail auto loan originations, the strength of its servicing capabilities and the sound financial and legal structure of the transaction.

Additional information is available at 'Fitch Ratings'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and related research:

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

--'Global Structured Finance Rating Criteria', dated Aug. 4, 2011.

Applicable Criteria and Related Research:

U.S. Auto Loan ABS Rating Criteria