Canadian Capital Auto Receivables Asset Trust III

TORONTO, Feb. 1, 2013 /CNW/ - The purchase by Royal Bank of Canada ("RBC") of 
Ally Financial Inc.'s ("AFI") Canadian auto finance business, including Ally 
Credit Canada Limited ("ACCL") was completed today. Attached is a press 
release issued by RBC providing additional details regarding the completed 
In connection with the purchase transaction, RBC has advised Canadian Capital 
Auto Receivables Asset Trust III ("CCARAT III") that it will be carrying out a 
number of corporate reorganizations. As a result, effective as of today, RBC 
has assumed the obligations of ACCL as seller and servicer of all securitized 
receivables in which CCARAT III currently has an interest, and as financial 
services agent of CCARAT III. AFI's obligations under the performance 
guarantee it previously provided in connection with the outstanding 
securitization transaction will continue to apply to RBC's obligations as 
seller and servicer. 
The rating agencies that rate the notes issued by CCARAT III have confirmed 
that the assumption of ACCL's obligations as seller, servicer and financial 
services agent by RBC will not result in a downgrade or withdrawal of any of 
their ratings. 
Investors: Robert Colangelo, Associate Director, Investor Relations, RBC, 
416 955-2049 
Media: Tanis Feasby, Director, Financial Communications, RBC, 416 955-5172 
To view this news release in HTML formatting, please use the following URL: 
ST: Ontario
-0- Feb/01/2013 13:04 GMT
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