DBRS Places Chrysler Financial Auto Securitization Trust 2008-A and

Developing C $45,200,000 Nov-14 BBB UR - Developing Total $1,046,770,938 The ratings have been placed Under Review with Developing Implications as a result of the current performance of the transactions and the potential for further impact on the performance due to the filing by Chrysler LLC (Chrysler) for protection under Chapter 11 of the U.S.<br><br> Bankruptcy Code. Chrysler is the parent company of Chrysler Financial Services Americas LLC, the originator and servicer for both 2008 transactions. Certain positive factors are present to support the current ratings assigned to the notes.<br><br> These factors include: a consistent yield which is provided by a structural discount mechanism, an increase in the credit support underlying the rated notes from the date of the initial issuance, an addition of $30 million placed in the reserve account for the 2008-A Trust, and stable delinquency statistics. Negative factors may arise from the bankruptcy filing, which could affect the abilities of the servicer and, consequently, the note ratings. These factors include the possibility of a further increase in the cumulative net losses above the DBRS base case loss and modeling assumptions, and lower-than- expected coverage multiples for the 2008-A Trust.<br><br> Collateral performance may also be exacerbated by continued declining macroeconomic factors such as increasing unemployment levels. DBRS will continue to monitor the status of the bankruptcy filing and its implications on the servicer, the servicers 9 operations and the performance of the obligors in the trusts. DBRS expects to resolve the Under Review status as expeditiously as possible and will provide updates as warranted.<br><br> Issuer Debt Rated Rating Action Rating Trend Chrysler Financial Auto Securitization Trust 2008-A Asset-Backed Notes, Class A-2a Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008 Asset-Backed Notes, Class A-2b Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008 Asset-Backed Notes, Class A-3a Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008 Asset-Backed Notes, Class A-3b Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008 Asset-Backed Notes, Class A-4 Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008 Asset-Backed Notes, Class B Under Review - Developing A -- Chrysler Financial Auto Securitization Trust 2008-A Asset-Backed Notes, Class C Under Review - Developing BBB -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class A-2a Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class A-2b Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class A-3a Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class A-3b Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class A-4a Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class A-4b Under Review - Developing AAA -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class B Under Review - Developing A -- Chrysler Financial Auto Securitization Trust 2008-B Asset-Backed Notes, Class C Under Review - Developing BBB -- DBRS Performance Analytics Reports (PAR) track our analytics and modeling assumptions for transactions we rate. The PAR reports for these two transactions may be accessed by at the following links: DaimlerChrysler Auto Trust 2008-A: March 2009 Performance Analytics Report DaimlerChrysler Auto Trust 2008-B: March 2009 Performance Analytics Report Chris O'Connell Senior Vice President - U.S. Structured Finance +1 212 806 3253 coconnell@dbrs.com David Hartung Senior Vice President - U.S.<br><br> Structured Finance +1 212 806 3269 dhartung@dbrs.com Gilad Mei Tal Assistant Vice President +1 212 806 3276 gmeital@dbrs.com Notes: All figures are in U.S. dollars unless otherwise noted . The applicable methodology is DBRS Rating Criteria U.S.<br><br> Auto Loan-Backed Transactions , which can be found on our website under Methodologies. This is a Structured Finance rating. <br><br>

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