As part of its ongoing surveillance, Fitch Ratings affirms the
outstanding notes of Bank of America Auto Trust 2010-1 as follows:
--Class A-3 at 'AAAsf'; Outlook Stable;
--Class A-4 at 'AAAsf';
Outlook Stable.
The ratings are based on available credit enhancement and loss
performance. The collateral pool continues to perform within Fitch's
expectations. In addition, under the credit enhancement structure, the
securities are able to withstand stress scenarios consistent with the
current ratings and make full payments to investors in accordance with
the terms of the documents.
The ratings reflect the quality of Bank of America, N.A. 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 20, 2011);
--'Global Structured Finance
Rating Criteria' (Aug. 4, 2011).
Applicable Criteria and Related Research:
Global Structured Finance
Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569
U.S.
Auto Loan ABS Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=614367
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE
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.
Copyright Business Wire 2012
