S&P Asgns Rtgs to Chase Manhattan Auto Own Tr 2001-A

    NEW YORK--Standard & Poor's--July 25, 2001-- Standard & Poor's today assigned its ratings to Chase Manhattan Auto Owner Trust 2001-A's $1.2 billion asset-backed notes and certificates 2001-A (see list).
    The ratings reflect the credit enhancement levels sufficient to cover multiples of historic losses at the triple-'A' and single-'A' rating categories; the solid credit quality of the underlying pool of automobile loans; the consistently low levels of net loss and delinquency; and a sound legal structure, Standard & Poor's said. -- CreditWire

RATINGS ASSIGNED
Chase Manhattan Auto Owner Trust 2001-A
Class           Rating                   Amount
A-1             A-1+                279,000,000
A-2             AAA                 243,000,000
A-3             AAA                 384,000,000
A-4             AAA                 258,100,000
Certificates    A                    36,016,952