Fitch Affirms Goldman Sachs Auto Loan Trust 2005-1

NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms Goldman Sachs Auto Loan Trust 2005-1 class A-4 at 'AAA'. The Rating Outlook is Stable.

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

The securities are backed by a pool of prime retail installment sales contracts secured by new and used automobiles and light duty trucks from a diverse pool of manufacturers. All ratings reflect the transaction's sound legal structure and the high quality of the retail auto receivables originated by Huntington National Bank, Ford Motor Credit Co., and Ohio Savings Bank.

This rating action reflects the application of Fitch's current criteria which are available at 'www.fitchratings.com' and specifically include the following reports:

--'Rating U.S. Auto Loan-Backed Securitizations: A Tune Up' dated May 30, 2007;

--'Global Structured Finance Rating Criteria' dated Sept. 30, 2009.

Additional information is available at 'www.fitchratings.com'.

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