Fitch Ratings has affirmed the class A-4 notes of Honda Auto Receivables Owner Trust 2007-2 at 'AAA' with a Stable Outlook.
The rating affirmation is based on available credit enhancement. The collateral continues to perform within Fitch's expectations. In addition, under the credit enhancement structure the securities are able to withstand stress scenarios consistent with the original ratings and make full payments to investors in accordance with the terms of the documents.
Additional information is available at 'www.fitchratings.com'
Related Research:
--'Global Structured Finance Rating Criteria' dated Aug. 13, 2010;
--'U.S. Auto Loan ABS Rating Criteria,' dated March 18, 2010.
Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547326
U.S. Auto Loan ABS Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=505158
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Fitch Ratings, New York
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+1-212-908-0871
Director
or
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Du
Trieu, +1-312-368-2091, Chicago
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or
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Sandro Scenga, +1-212-908-0278
Email: sandro.scenga@fitchratings.com
