Fitch Ratings has affirmed class A-4 of HSBC Automotive Trust 2006-1 at 'AAA' with a Stable Outlook.
The collateral continues to perform within Fitch's expectations and, under the credit enhancement structure, the securities can withstand stress scenarios consistent with the ratings and still 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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