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PREMIER AUTO TRUST 1993-2 MONEY MARKET NOTES RATED 'AAA/F-1+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 14 /PRNewswire/ -- Premier Auto Trust's 1993-2 $330 million Class A-1 money market notes are rated "AAA/F-1+" by Fitch. The $500 million Class A-2 floating rate notes and the $610 million Class A-3 total rate of return notes are also rated "AAA". Premier Auto Trust 1993-2 $60 million asset backed certificates are rated "A".
 The ratings are based primarily on the characteristics of the retail auto receivables originated by Chrysler Credit Corp. as well as funds in the reserve account and excess spread. The rating also reflects the adequacy of the receivables' cash flow to pay timely principal and interest and that the likelihood of a Chrysler bankruptcy delaying payments to the noteholders or certificateholders is extremely remote.
 The receivables consist of installment sale contracts secured by new and used automobiles and light duty trucks. Approximately 85 percent of the pool is secured by new and previously owned current model year vehicles while 4 percent of the loans were originated under Chrysler Credit Corp.'s Gold Key Plus program. The pool is also well diversified with 10.4 percent located in Texas, 9.9 percent in California, 6 percent in Pennsylvania, and 5.5 percent in New York. At closing, no other state accounted for more than 5.4 percent of the initial pool balance.
 The financial structure provides for all principal payments collected from the receivables to be distributed first to the money market notes. Furthermore, excess cash will be distributed as an additional amount of principal. No payments of principal will be distributed to the floating rate notes, the total rate of return notes or the certificates until the money market notes are reduced to zero. Once the money market notes equal zero, principal will be distributed among the floating rate notes, the total rate of return notes and the certificates. Only the floating rate notes and the total rate of return notes will be entitled to excess cash as an additional distribution of principal after the money market notes are reduced to zero.
 The Class A-2 notes will accrue interest at a rate equal to one- month LIBOR plus 0.20 percent, unless this rate is greater than the Asset Receivables Rate, in which case the Class A-2 rate will be the Asset Receivables Rate. Since the Asset Receivables Rate is essentially the loans' net APR plus reinvestment earnings, there is no exposure to interest rate risk. However, if the Asset Receivables Rate is in effect, a carryover amount equal to the difference between the LIBOR rate and the Asset Receivables Rate will be paid to the extent excess cash is available. This will be paid only after certain conditions are met. The ratings do not address the likelihood that the carryover amount will be paid.
 The stress scenario to determine if the final scheduled payment date for the money market notes will be met assumed a very slow prepayment rate and no losses, as well as funding receivables daily over a six- month period. Fitch also assumed that Class A-2 reached the Asset Receivables Rate by month 3. Under this scenario, which is consistent with a "F-1+" rating regarding timeliness of payment, the final scheduled payment date was met for the money market notes.
 Credit enhancement for the notes will be supported by the 4 percent subordination provided by the certificates, a 1.70 percent up-front cash deposit in the reserve account, and build-up of overcollateralization from the application of excess spread (initially over 500 bps) as a principal distribution. Under Fitch's "AAA" loss assumption of 8.50 percent losses, all classes of notes survived. The certificates, benefiting from the reserve account and overcollateralization, survived Fitch's "A" loss assumption of 4.75 percent losses. When the overcollateralization reaches 5.00 percent, the reserve fund will be reduced to .75 percent of the original pool balance. Given Chrysler's outstanding loan performance for previous securitizations, Fitch believes that 8.5 percent and 4.75 percent loss assumptions adequately reflect the pool's expected performance under the "AAA" and "A" scenarios, respectively.
 An initial deposit will be made to the pre-funding account equal to approximately $947 million to purchase receivables. Delivery of new receivables may take place as frequently as on a daily basis. Daily funding of receivables reduces the negative carry associated with the pre-funding account as the account earns interest at a rate lower than the interest expense on the securities. In the unlikely event an insufficient amount of receivables is purchased, any funds remaining in the account will be used to redeem (in part) the notes and the certificates on a pro rata basis.
 -0- 4/14/93
 /CONTACT: Suzanne Mistretta, 212-908-0637, or Rita Duggan, 212-908-0628, both of Fitch/


CO: Premier Auto Trust ST: IN: AUT SU: RTG

GK -- NY070 -- 0708 04/14/93 13:24 EDT
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Date:Apr 14, 1993
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