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Fitch Issues Presale Report on BMW Vehicle Lease Trust 2000-A

31 October 2000

Fitch Issues Presale Report on BMW Vehicle Lease Trust 2000-A

    NEW YORK--Oct. 31, 2000--Fitch has issued a presale report on BMW Vehicle Lease Trust 2000-A discussing the rating analysis behind Fitch's expected `AAA' ratings on the class A notes and `A' ratings on the certificates.
    The 2000-A transaction represents BMW Financial Services NA, LLC's first public term auto lease securitization. The securities are backed by beneficial and security interests in retail closed-end automobile lease contracts.
    A copy of the report is available on Fitch's web site at 'www.fitchratings.com' or by contacting Market Services at 1- 800-853-4824 in New York.
    Fitch is an international rating agency that provides global capital market investors with the highest quality ratings and research. Dual headquartered in New York and London with a major office in Chicago, Fitch rates entities in 75 countries and has some 1,100 employees in more than 40 local offices worldwide. The agency, which is a combination of Fitch IBCA and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance markets worldwide.