Fitch Issues Presale Rpt on Honda Auto Receivables 2002-1 Owner Trust

    NEW YORK--Jan. 24, 2002--Fitch issued a presale report today on Honda Auto Receivables 2002-1 Owner Trust discussing the rating analysis behind Fitch's expected 'AAA' ratings on the class A notes.
    The securities are backed by a pool of prime retail installment sales contracts secured by new and used automobiles and light duty trucks.
    The presale report is available to all investors on Fitch's corporate site 'www.fitchratings.com' or by contacting Maria Sedlack at 212/908-0539 or via e-mail, maria.sedlack@fitchratings.com. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than twenty asset classes, contact product sales at 212/908-0800 or at webmaster@fitchratings.com.