NEW YORK--()--As part of its ongoing surveillance, Fitch Ratings affirms one class of the Ford Credit Auto Owner Trust 2009-B transaction as follows:
--Class A-4 affirmed at 'AAAsf'; Outlook Stable.
The ratings are based on growing credit enhancement and low loss performance to date. The collateral pools continue to perform within Fitch's expectations. In addition, under the credit enhancement structure, the securities are able to withstand stress scenarios consistent with the updated ratings and make full payments to investors in accordance with the terms of the documents.
The ratings reflect the quality of Ford Motor Credit Company's 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'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and related research:
--'U.S. Auto Loan ABS Rating Criteria' (April 16, 2012);
--'Global Structured Finance Rating Criteria' (June 6, 2012).
Applicable Criteria and Related Research:
Rating Criteria for U.S. Auto Loan ABS
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=674859
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923
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