Fitch Upgrades 14 ABS Classes From 6 Ford Credit Auto Owner Trust Transactions

NEW YORK--May 1, 20051, 2005--Fitch Ratings has upgraded 14 classes of six Ford Credit Auto Owner Trust asset-backed transactions, as follows:

Series 2003-B

-- Class B-1 notes to 'AAA' from 'AA-';

-- Class B-2 notes to 'AAA' from 'AA-';

-- Class C notes to 'A+' from 'BBB+'.

Series 2003-A

-- Class B-1 notes to 'AAA' from 'AA-';

-- Class B-2 notes to 'AAA' from 'AA-';

-- Class C notes to 'AA' from 'BBB+'.

Series 2002-D

-- Class B notes to 'AAA' from 'AA';

-- Class C notes to 'AAA' from 'BBB+'.

Series 2002-C

-- Class B notes to 'AAA' from 'AA';

-- Class C notes to 'AAA' from 'BBB+';

-- Class D certificates to 'BBB+' from 'BB+'.

Series 2002-B

-- Class B notes to 'AAA' from 'AA+';

-- Class C notes to 'AAA' from 'AA-'.

Series 2002-A

-- Class C notes to 'AAA' from 'AA'.

The rating upgrades are a result of increased available credit enhancement in excess of expected remaining losses. Under the credit enhancement structure, the bonds can now withstand stress scenarios consistent with the upgraded ratings and still make full and timely payments of principal and interest. As before, the ratings reflect the quality of Ford Motor Credit Co.'s retail auto loan originations, the sound financial and legal structure of the transactions, and servicing provided by Ford Motor Credit Co.