S&P Assigns Preliminary Ratings to DaimlerChrysler Auto Trust 2001-C

    NEW YORK, Sept. 10 Standard & Poor's today assigned its
preliminary ratings to DaimlerChrysler Auto Trust 2001-C's $1,856,473,000
asset-backed notes and certificates.
    The preliminary ratings are based on information as of Sept. 10, 2001.
Subsequent information may result in the assignment of final ratings that
differ from the preliminary ratings.
    The preliminary ratings on DaimlerChrysler Auto Trust 2001-C's (DCAT)
notes and certificates reflect credit enhancement in the form of 3.50% of
initial overcollateralization, 3.25% subordinated asset-backed certificates, a
0.25% fully funded reserve account, and about 1.5%-2.5% in excess spread. The
size of the yield supplement overcollateralization amount is $28.7 million
compared with $52 million in the previous transaction, DCAT 2001-B. This
decrease was the result of discounting loans below 4.35% at 4.35% for this
transaction compared with discounting loans below 5.25% at 5.25% for the
previous transaction. The discount rate is chosen to generate the necessary
additional excess spread. In addition to the above credit enhancement, the
ratings on the 2001-C securitization are based on the extensive amount of data
obtained from Chrysler Financial Co. LLC, the solid credit quality of the
underlying pool of automobile loans, a sound legal structure, and about 9.50%
in total credit enhancement.
    A copy of Standard & Poor's complete presale report for this transaction
is available on RatingsDirect, Standard & Poor's Web-based credit analysis
system, at http://www.ratingsdirect.com. The report is also available on
Standard & Poor's Ratings Services Web site at
http://www.standardandpoors.com/ratings. Under
Presale Reports, select Structured Finance, then Asset-Backed Securities.

    PRELIMINARY RATINGS ASSIGNED
    DaimlerChrysler Auto Trust 2001-C
    Class                              Rating             Amount ($000s)
    A-1                                A-1+                      296,123
    A-2                                AAA                       695,000
    A-3                                AAA                       353,000
    A-4                                AAA                       452,000
    Certificates                       N.R.                       60,350