Fitch Rates AmeriCredit Automobile Receivables Trust 2001-B

    NEW YORK--July 26, 2001--Fitch rated the receivables-backed notes issued by AmeriCredit Automobile Receivables Trust 2001-B as listed below:

--	$247,000,000 class A-1 fixed-rate money market notes, rated `F1+';
--	$765,000,000 class A-2 variable-rate notes, rated `AAA';
--	$200,000,000 class A-3 variable-rate notes, rated `AAA';
--	$638,000,000 class A-4 fixed-rate notes, rated `AAA'.

    The securities, which represent the 27th securitization offered by AmeriCredit Financial Services, Inc. (ACF), were issued with a financial guaranty insurance policy (insurance policy) from Financial Security Assurance Inc. (FSA), which is rated `AAA' by Fitch. The insurance policy ensures full and timely payment of interest and principal by the legal final distribution date. Fitch's ratings address the likelihood of full and timely payment of interest and ultimate payment of principal by the legal final distribution date of each class. The ratings are based on the terms of the financial guaranty insurance policy and insurer financial strength rating of FSA, the transaction's sound legal and cash flow structures, and the strength of ACF as originator and servicer of the receivables.
    Interest and principal on the notes is distributed monthly. Principal is distributed sequentially beginning with the class A-1 notes until paid in full. Before drawing upon the insurance policy, losses will be covered by excess spread, overcollateralization (OC), and a spread account. Excess spread will be available to make accelerated principal payments on the notes, thereby increasing OC to its targeted level.
    The receivables in the 2001-B trust are simple interest receivables made with respect to new (32.49%) and used (67.51%) automobiles and light-duty trucks and vans. This compares with a 29.84%/70.16% new/used split for 2001-1. The pool is well diversified geographically, with the largest state concentrations in California 14.02%, Texas 13.08%, Florida 7.62%, New York 5.07%, Pennsylvania 4.61%, Georgia 4.29%, Ohio 4.06%, and Illinois 4.05%. No other state represents more than 4.00% of the pool. Geographic diversification acts to insulate the transaction against regional economic downturns.
    ACF is a wholly owned and the primary operating subsidiary of AmeriCredit Corp. (rated `BB+' by Fitch). AmeriCredit Corp. is a consumer finance company specializing in purchasing, securitizing, and servicing automobile loans, with a leading position in the competitive and sometimes volatile, nonprime automobile finance industry. The company's managed automobile receivables totaled $9.1 billion as of March 31, 2001, originating through a nationwide branch network with 217 offices in 41 states and Canada supported by centralized loan processing and servicing.