Fitch Affirms 16 & Upgrades 2 ABS Classes From 2 Bank of America, N.A. Transactions.

NEW YORK -- Fitch Ratings has affirmed 16 classes and upgraded two classes of two Bank of America, N.A. asset-backed transactions as follows:

Global Execution Auto Receivables Securitization (GEARS) 2004-A

--Class A-P notes affirmed at 'AAA';

--Class A-3 notes affirmed at 'AAA';

--Class A-4 notes affirmed at 'AAA';

--Class B-1 notes affirmed at 'AAA';

--Class B-2 notes affirmed at 'AAA';

--Class C notes affirmed at 'AAA';

--Class D notes upgraded to 'AA' from 'A';

--Class E notes upgraded to 'A' from 'BBB'.

Global Execution Auto Receivables Securitization (GEARS) 2005-A

--Class A-P notes affirmed at 'AAA';

--Class A-1 notes affirmed at 'AAA';

--Class A-2 notes affirmed at 'AAA';

--Class A-3 notes affirmed at 'AAA';

--Class B notes affirmed at 'AA';

--Class C notes affirmed at 'A';

--Class D-1 notes affirmed at 'BBB';

--Class D-2 notes affirmed at 'BBB';

--Class E-1 notes affirmed at 'BB';

--Class E-2 notes affirmed at 'BB'.

The rating upgrades for GEARS 2004-A are a result of performance that surpasses original expectations. Available credit enhancement has continued to build and currently exceeds expected remaining losses. Under the credit enhancement structure, the bonds can now withstand stress scenarios consistent with the upgraded ratings and still make full and timely payments of principal and interest.

The GEARS 2005-A transaction was affirmed at its original ratings. Although future anticipated losses on the underlying auto loans exceed the original loss expectation, sufficient credit enhancement support remains to affirm the ratings. Cumulative net losses (CNL) for this transaction were 1.10% as of the last reporting date, and the rate of CNL accumulation is greater than Fitch's original expectation. Delinquencies have remained fairly consistent. Since Fitch's last review in August 2006, withdrawals from the cash reserve account have been made to make required note payments. As of the last reporting date, the reserve account balance was $76.9 million compared with a required reserve account balance of $82.5 million. Fitch will continue to monitor performance closely.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 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.