Fitch Ratings Issues Presale Report on Hyundai Auto Receivables Trust 2003-A

NEW YORK--Oct. 2, 20039, 2003--Fitch Ratings has issued a presale report on Hyundai Auto Receivables Trust 2003-A discussing the rating analysis behind Fitch Ratings' expected 'F1+' rating on the class A-1 notes, 'AAA' rating on the class A-2 through A-4 notes, 'AA' rating on the class B notes, 'A+' rating on the class C notes, and 'BBB+' rating on the class D notes. The securities issued from the owner trust structure are backed by a pool of contracts secured by new and used automobiles and sport utility vehicles (SUVs).

The following presale report is available to all investors on Fitch's corporate site 'www.fitchratings.com' or by contacting Sara Grohl at 908-0564 or via e-mail, 'sara.grohl@fitchratings.com'. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance and credit reports on more than 20 asset classes, contact product sales at 1-212-908-0800 or at 'webmaster@fitchratings.com'.