Fitch Rates Mercedes-Benz Master Owner Trust, Series 2012-A

NEW YORK--()--Fitch Ratings assigns the following rating and Outlook to Mercedes-Benz Owner Trust, Series 2012-A:

--$700,000,000 auto dealer loan asset backed notes 'AAAsf'; Outlook Stable.

Fitch's stress and rating sensitivity analysis are discussed in the presale report titled 'Mercedes-Benz Master Owner Trust 2012-A, dated Nov. 28, 2012, which is available on Fitch's web site.

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:
--'Global Rating Criteria for Dealer Floorplan ABS', Jan. 25, 2012;
--'Global Structured Finance Rating Criteria' dated June 6, 2012.

Applicable Criteria and Related Research:
Global Rating Criteria for Dealer Floorplan ABS
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=666405
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923

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