As part of its ongoing surveillance, Fitch Ratings affirms three classes of the Nissan Auto Receivables Owner Trust 2010-A transaction as follows:
--Class A-2 at 'AAAsf'; Outlook Stable;
--Class A-3 at 'AAAsf'; Outlook Stable;
--Class A-4 at 'AAAsf'; Outlook Stable.
The rating affirmations are based on available credit enhancement and loss performance. The collateral pool continues to perform within Fitch's expectations. Based on the current structure and credit enhancement, 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.
The ratings reflect the quality of Nissan Motor Acceptance Corporation retail auto loan originations, the strength of its servicing capabilities, and the sound financial and legal structure of the transaction.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and related research:
--'U.S. Auto Loan ABS Rating Criteria', dated April 20, 2011;
--'Global Structured Finance Rating Criteria', dated Aug. 16, 2010.
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
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