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DCR Rates Chrysler's Premier Auto Trust 1997-3

24 September 1997

DCR Rates Chrysler's Premier Auto Trust 1997-3

    CHICAGO, Sept. 24 -- Duff & Phelps Credit Rating Co. (DCR)
has rated Chrysler's Premier Auto Trust's Class A-2 Asset Backed notes 'AAA'
(Triple-A), Class A-3 Asset Backed notes 'AAA' (Triple-A), Class A-4 Asset
Backed notes 'AAA' (Triple-A), Class A-5 Asset Backed notes 'AAA' (Triple-A)
and Class B Asset Backed Notes 'AA-' (Double-A-Minus).
    The ratings are based on Chrysler's experience as an originator and
servicer of prime auto paper, the performance of the outstanding Premier
securitizations and the sound legal structure of Premier 1997-3.  They
also reflect credit enhancement in the form of subordination and a reserve
fund.
    The ratings address the timely payment of interest and ultimate payment
of principal by the Class A-2 final distribution date of August 1999, the
Class A-3 final distribution date of June 2000, the Class A-4 final
distribution date of January 2001, the Class A-5 final distribution date of
January 2002 and the Class B final distribution date of January 2003.  The
ratings do not address the likelihood of payment of principal by the scheduled
maturity date.
    DCR research on Premier Auto Trust transactions or other asset-backed
transactions is available on Bloomberg at DCR  or by contacting the
 DCR Hotline at  312-368-3198/hotline@dcrco.com.  Performance statistics
for rated ABS transactions are also available on DCR's Web site at
 http://www.dcrco.com.

SOURCE  Duff & Phelps Credit Rating Co.