Fitch Upgrades 3 & Affirms 6 Classes from 2 Ford Auto ABS Deals

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on the two Ford Credit Auto Owner Trust transactions listed below as part of its on going surveillance process:

Series 2005-B

--Class A-4 affirmed at 'AAA';

--Class B affirmed at 'AAA';

--Class C affirmed at 'AAA';

--Class D affirmed at 'AA'.

Series 2006-B

--Class A-3 affirmed at 'AAA';

--Class A-4 affirmed at 'AAA';

--Class B upgraded to 'AA' from 'A';

--Class C upgraded to 'A' from 'BBB+';

--Class D upgraded to 'BBB' from 'BB+'.

The affirmations and upgrades are a result of continued available credit enhancement in excess of stressed remaining losses. Current principal allocation and expected future cashflows are also contributing factors.

The collateral continues to perform within Fitch's base case expectations. Currently, under the credit enhancement structure, the securities can withstand stress scenarios consistent with the current rating categories and still make full payments of interest and principal in accordance with the terms of the documents.

As before, the ratings reflect the quality of Ford Motor Credit Co.'s retail auto loan originations, the sound financial and legal structure of the transactions, and servicing provided by Ford Motor Credit Co.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 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.