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DCR Rates Triad Auto Receivables Trust 1997-3

14 November 1997

DCR Rates Triad Auto Receivables Trust 1997-3

    CHICAGO, Nov. 14 -- Duff & Phelps Credit Rating Co. (DCR) has
assigned a "A" (Single-A) rating to the $57,098,882 6.77% asset-backed
certificates, Class A and a "BBB" (Triple-B) rating to the $5,075,456
7.82% asset-backed certificates, Class B issued by Triad Auto Receivables
Trust 1997-3.
    The ratings are based on Triad Financial Corporation's (Triad) historical
performance, the use of Chase Manhattan Bank as backup servicer, Triad's
majority ownership by ContiFinancial Corporation, and credit enhancement in
the form of subordination, a reserve fund and excess spread.
    Triad is a specialty finance company located in Huntington Beach,
California.  Triad originates loans to consumers in the non-prime credit
sector of the retail automobile market and services all of the loans
from the company's Huntington Beach headquarters.  The transaction is
Triad's third securitization and the third rated by DCR.
    The placement agent for the transaction was ContiFinancial Services
Corporation.

SOURCE  Duff & Phelps Credit Rating Co.