Press Release: CAMI Automotive Inc.

Press Release: CAMI Automotive Inc.		Date of Release: Sep 26,
2001
Downgrades to R-2 (high)

Richard Hildebrand, Kam Hon / 41- 593-5577 ext.2270 / e-mail:
rhildebrand@dbrs.com

Rating		Trend		Rating Action	Debt Rated
R-2 (high)	Stable		Downgraded	Commercial Paper 

DBRS is downgrading the commercial paper rating of CAMI Automotive Inc.
("CAMI"), from R-1 (low), to R-2 (high) with a Stable trend. This rating
downgrade is based on the letter of credit supporting CAMI's U.S.$200
million
 commercial paper program. Within this letter of credit, The Bank of
Tokyo-Mitsubishi Limited (BTM) and The Tokai Bank, Limited ("Tokai")
support the program on a joint and several basis. 

 The CAMI rating is based entirely on this irrevocable letter of credit
from BTM and Tokai (from their respective New York bank branches).
Accordingly, the rating is a flow-through of the rating of BTM and
Tokai, which DBRS rates in
 support of debt instruments issued by Bank of Tokyo-Mitsubishi (Canada)
and Tokai Bank Canada. The CAMI rating is being downgraded, with the
trend remaining Stable in light of the rating actions being taken on BTM
and Tokai.
 For further information on the rating actions taken on BTM and Tokai
please see the press releases dated September 26, 2001, on these
entities.

 Dominion Bond Rating Service Limited (DBRS) will publish a full report
shortly that will provide additional analytical detail on this rating
action. If you are interested in receiving this report, please contact
us at: info@dbrs.com.

DBRS is a Toronto-based, full-service credit rating agency established
in 1976. Privately owned and operated without affiliation to any
organization, DBRS is respected for its independent, third-party
evaluations of corporate and
  government issues, spanning North America, Europe and Asia. DBRS's
extensive coverage of securitizations and structured finance
transactions solidifies our standing as a leading provider of
comprehensive, in-depth credit
  analysis.

 Information contained herein is obtained by DBRS from sources believed
by it to be accurate and reliable. Due to the possibility of human or
mechanical error as well as other factors, such information is provided
"as is" without
 warranty of any kind and DBRS, in particular, makes no representation
or warranty, express or implied, as to the accuracy, timeliness,
completeness, merchantability or fitness for any particular purpose of
any such information. DBRS
 shall not be liable in contract, tort or otherwise for: (a) any loss or
damage in whole or in part caused by, resulting from, or relating to,
any error (negligent or otherwise) or other circumstance or contingency
within or outside the
 control of DBRS or any of its directors, officers, employees,
independent contractors, or agents in connection with, or related to,
obtaining, collecting, compiling, analyzing, interpreting,
communicating, publishing or delivering any
 such information; or (b) any direct, indirect, special, consequential,
compensatory or incidental damages whatsoever (including, without
limitation, lost profits), even if DBRS is advised in advance of the
possibility of such damages,
 resulting from the use of or inability to use, any such information. In
addition to the foregoing, the rights of subscribers of DBRS are
governed by the terms and conditions of the applicable Subscription
Agreement. In the event of any
 conflict between this document and the Subscription Agreement, the
Subscription Agreement shall govern (without limitation, a conflict
shall not include the failure of the Subscription Agreement to cover a
matter covered herein).
 The credit ratings, if any, constituting part of the information
contained herein are, and must be construed solely as, statements of
opinion and not statements of fact or recommendations to purchase, sell
or hold any securities.
                                         
   



Jeannette Eagle
Administrator
Dominion Bond Rating Service Limited
200 King St. W., Ste. 1304, P.O. Box 34
Toronto, ON, M5H 3T4
Tel.: (416) 593-5577 ext. 2297
Fax: (416) 593-8432
www.dbrs.com


This e-mail may be privileged and/or confidential, and the sender does
not waive any related rights and obligations. Any distribution, use or
copying of this e-mail or the information it contains by other than an
intended recipient is unauthorized. If you received this e-mail in
error, please advise me (by return e-mail or otherwise) immediately.