Fitch Affirms One Class of Ford Credit Auto Owner Trust 2009-A
Fitch Affirms One Class of Ford Credit Auto Owner Trust 2009-A Business Wire NEW YORK -- January 17, 2013 As part of its ongoing surveillance, Fitch Ratings affirms one class of the Ford Credit Auto Owner Trust 2009-A transaction as follows: --Class A-4 affirmed at 'AAAsf'; Outlook Stable. The ratings are based on growing credit enhancement and low loss performance to date. The collateral pool continues to perform within Fitch's ongoing expectations. In addition, under the credit enhancement structure, the securities are able to withstand stress scenarios consistent with the updated ratings and make full payments to investors in accordance with the terms of the documents. The ratings reflect the quality of Ford Motor Credit Company's retail auto loan originations, the strength of its servicing capabilities, and the sound financial and legal structure of the transaction. Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings. Applicable Criteria and Related Research: --'U.S. Auto Loan ABS Rating Criteria' (April 16, 2012); --'Global Structured Finance Rating Criteria' (June 6, 2012). Applicable Criteria and Related Research: Rating Criteria for U.S. Auto Loan ABS http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=674859 Global Structured Finance Rating Criteria http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. Contact: Fitch Ratings Primary Analyst Timothy McNally Analyst +1-212-908-0870 Fitch, Inc. One State Street Plaza New York, NY 10004 or Secondary Analyst Peter Chung Director +1-212-908-0724 or Committee Chairperson Hylton Heard Senior Director +1-212-908-0214 or Media Relations Sandro Scenga +1-212-908-0278 sandro.scenga@fitchratings.com
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