Fitch Affirms CNH Equipment Trust 2010-A

CHICAGO--()--Fitch Ratings has affirmed CNH Equipment Trust 2010-A as follows:

--Class A-4 at 'AAAsf'; Outlook Stable;
--Class B at 'AAAsf'; Outlook Stable.

The affirmations of the Class A and B notes in the transaction reflect loss coverage levels consistent with their respective ratings. Performance has been strong to date as cumulative net losses (1.64%) are extrapolating below Fitch's initial base case proxy. Due to amortization, credit enhancement has increased for the outstanding notes.

Fitch will continue to monitor this transaction and may take additional rating actions in the event of changes in performance and credit enhancement measures.

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:
--'Criteria for Rating U.S. Equipment Lease and Loan ABS' Dec. 28, 2012;
--'Global Structured Finance Rating Criteria' June 6, 2012.

Applicable Criteria and Related Research:
Criteria for Rating U.S. Equipment Lease and Loan ABS
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=697250
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

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Contacts

Fitch Ratings
Primary Analyst:
Thomas Kaiser, CPA, +1-312-368-3338
Analyst
Fitch, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Committee Chairperson:
Brad Sohl, +1-312-368-2091
Senior Director
or
Media Relations:
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

Sharing

Contacts

Fitch Ratings
Primary Analyst:
Thomas Kaiser, CPA, +1-312-368-3338
Analyst
Fitch, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Committee Chairperson:
Brad Sohl, +1-312-368-2091
Senior Director
or
Media Relations:
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com