CHICAGO–(BUSINESS WIRE)–

Fitch Ratings assigns a following ratings to Volkswagen Auto Loan
Enhanced Trust 2012-1:

–$244,000,000 category A-1 asset-backed records ‘F1+sf’;

–$385,000,000 category A-2 asset-backed records ‘AAAsf’; Outlook Stable;

–$490,000,000 category A-3 asset-backed records ‘AAAsf’; Outlook Stable;

–$131,000,000 category A-4 asset-backed records ‘AAAsf’; Outlook Stable.

The presale news is accessible to all investors on Fitch’s website during ‘www.fitchratings.com‘.
For some-more information about Fitch’s extensive subscription service
FitchResearch, that includes all presale reports, surveillance, and
credit reports on some-more than 20 item classes, hit product sales at
+1-212-908-0800 or during ‘webmaster@fitchratings.com’.

Additional information is accessible during www.fitchratings.com.
The ratings above were solicited by, or on interest of, a issuer, and
therefore, Fitch has been compensated for a sustenance of a ratings.

Applicable Criteria and Related Research:

–’Global Structured Finance Rating Criteria’, Aug. 4, 2011;

–’U.S. Auto Loan ABS Rating Criteria’, Apr 20, 2011.

Applicable Criteria and Related Research:

U.S. Auto Loan ABS Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=614367

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘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.

Tags: