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PREMIER AUTO TRUST 1992-2 ASSET BACKED NOTES RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 PREMIER AUTO TRUST 1992-2 ASSET BACKED NOTES RATED 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, March 25 /PRNewswire/ -- Premier Auto Trust 1992-2 $672 million Asset Backed Notes are rated "AAA" by Fitch, it was announced today. The rating is based on the high quality characteristics of the auto receivables, the 4 percent subordinated certificates, and a 5.75 percent reserve fund. The strong performance of those loans previously securitized by Chrysler Financial Corp. (CFC) and Chrysler Credit Corp's excellent servicing capabilities also support the rating. In addition, Fitch believes that the likelihood of a Chrysler bankruptcy delaying payments to the noteholders is remote.
 Because the notes will be secured by receivables totaling approximately $287 million, a pre-funding account will be established at closing to account for the difference. An initial deposit will be made equal to approximately $413 million to purchase new receivables by the September 1992 distribution date.
 The receivables consist of installment sale contracts secured by new and used automobiles and light duty trucks. Approximately 4 percent of the receivables were originated under Chrysler Credit Corp.'s Gold Key Plus program. These receivables have equal monthly payments with a final balloon payment which represents the "residual value" of the automobile. These receivables do not expose the pool to additional default risk because the final balloon payment was not sold to the trust.
 Approximately 78 percent of the pool is secured by new and previously owned current model year vehicles. Because of Chrysler's conservative underwriting standards for used vehicles, Fitch does not view the 22 percent used vehicles as adding additional risk to the pool. The pool is also well diversified with concentrations in Pennsylvania, California, Texas, New York and New Jersey. Although there is very little seasoning, Fitch believes Chrysler's prudent origination policies strongly contribute to the pool's overall credit quality.
 Credit enhancement for the notes will be provided by the 4 percent subordinated interest of the certificates and a reserve fund which will be funded with an initial deposit of 5.75 percent of the initial pool balance. Thereafter, as new receivables are purchased by the trust, an additional deposit equal to 5.75 percent of the new receivables will be made.
 -0- 3/25/92
 /CONTACT: Suzanne Mistretta, 212-908-0500, or Mary Griffin, 212-908-0537, both of Fitch/ CO: Premier Auto Trust ST: IN: AUT FIN SU: RTG


TS -- NY043 -- 1526 03/25/92 12:48 EST
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Publication:PR Newswire
Date:Mar 25, 1992
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