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DUFF & PHELPS RATES PREMIER AUTO TRUST 1993-2 NOTES

 CHICAGO, April 15 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has assigned the $330,000,000 3.23 percent money market asset-backed notes a rating of 'Duff 1+' (One Plus) and 'AAA' (Triple A), the $500,000,000 floating rate asset-backed notes a rating of 'AAA' (Triple A), and the $610,000,000 4.90 percent total rate of return asset-backed notes a rating of 'AAA'. A rating of 'AA-' (Double A Minus) has been assigned to the $60,000,000 5.00 percent asset-backed certificates. The notes and certificates are issued by Premier Auto Trust 1993-2. All classes of securities share a common pool of collateral in the form of motor vehicle retail installment sales contracts originated by Chrysler Financial Corporation and serviced by Chrysler Credit Corporation. The money market asset-backed notes have a final maturity of April 1994, and the other notes and the certificates have a final maturity of October 1998.
 The ratings address timely payment of interest and the ultimate payment of principal by the respective maturity dates, and are based on the following transaction attributes: the high credit quality of the receivables, the legal structure of the transaction, the ability of Chrysler Credit Corporation to service the accounts, and the amount of available credit support in the form of 4 percent subordination available to the asset-backed notes from the asset-backed certificates, the 1.7 percent initial reserve account, and the growing level of overcollateralization. Credit support available to the notes in the form of subordination, overcollateralization and the reserve account will increase from 4.0 percent to 9.0 percent as principal balances are paid down. The reserve account plus overcollateralization will increase from 1.7 percent to 5.0 percent as principal balances are paid down. Duff & Phelps performed an analysis on the projected cash flows under stressed economic scenarios to determine the required credit support for the assigned ratings.
 Proceeds received in excess of those required to purchase the initial assets from Chrysler Financial Corporation are placed in a pre- funding account. Additional contracts will be purchased, up to the amount of funds in the pre-funding account, for a period of up to six months from the closing date. Noteholders and certificateholders will receive interest monthly, commencing May 17, 1993. Principal and excess servicing will be passed through monthly to the money market notes until the principal balance is paid in full, but no later than the April 1994 distribution date. Overcollateralization is created as monthly excess servicing (weighted average APR less weighted average coupon less servicing fee) is applied to the early repayment of principal due to the money market asset-backed notes. As the notes pay down with excess servicing income in addition to principal receipts from the receivables, the receivables balance declines more slowly than the outstanding balance of the notes and certificates. Only after the money market notes have been paid in full will the floating rate noteholders, the total rate of return noteholders, and the asset-backed certificateholders begin to receive monthly principal payments.
 The collateral is initially comprised of 44,372 motor vehicle retail installment sales contracts representing $553,286,789.59 of principal receivables. Approximately 85 percent of the principal balance represents loans financed at new vehicle rates. The loans are geographically distributed across the United States. The average loan size is $12,469.27 and the pool has a weighted average annual percentage rate of 10.77 percent. The composition of the fully funded portfolio should vary only marginally from the composition of the initial pool.
 -0- 04/15/93
 /CONTACT: Laura M. Ladewski of Duff & Phelps Credit Rating Co., 312-368-3186/


CO: Premier Auto Trust 1993-2 ST: IN: FIN SU: RTG

AH -- NY039 -- 6146 04/15/93 10:47 EDT
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Date:Apr 15, 1993
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