S&P Asgns Prelim Rtgs to Ford Credit Auto Owner Trust

16 November 2000

S&P Asgns Prelim Rtgs to Ford Credit Auto Owner Trust

    NEW YORK--Standard & Poor's--Nov. 16, 2000--Standard & Poor's today assigned its preliminary ratings to Ford Credit Auto Owner Trust 2000-G's $3.893 billion asset-backed notes and certificates series 2000-G (see list).
    The preliminary ratings are based on information as of Nov. 16, 2000. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.

    The preliminary ratings reflect:

    -- Subordination of 7.5% for class A, 4% for class B, and 2% for
    class C;

    -- A nonamortizing, fully funded reserve account equal to 0.5%
    of initial receivables;

    -- A turbo allocation feature whereby excess spread will be used
    to pay the securities and create overcollateralization to a
    certain specified amount; and

    -- Favorable performance trends in Ford Motor Credit Co.'s recent
    portfolio and securitization data.

    A copy of Standard & Poor's complete presale report for this transaction is available on RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. The report is also available on Standard & Poor's Ratings Services Web site at www.standardandpoors.com/ratings. Under Presale Reports, select Structured Finance, then Asset-Backed Securities, Standard & Poor's said.--- CreditWire


PRELIMINARY RATINGS ASSIGNED

Class    Rating    Amount ($)
A-1      A-1+     270,000,000
A-2      A-1+     450,000,000
A-3      AAA    1,455,000,000
A-4      AAA    1,118,000,000
A-5      AAA      314,091,000
B        A        133,595,000
C        BBB       76,341,000
D        BB        76,341,000