Oct. 21, 2009 (Business Wire) -- Fitch Ratings downgrades 13 classes from five AmeriCredit Automobile Receivables Trusts and removed them from Rating Watch Negative. These actions follow the downgrade of Financial Security Assurance Inc.'s (FSA) Insurer Financial Strength rating to 'AA' from 'AA+'. FSA provides full support to the transactions to cover timely interest payments and ultimate principal. (For more information, please refer to 'Fitch Downgrades Assured Guaranty to 'AA-' & FSA to 'AA'; Outlook Negative ', dated Oct. 12, 2009 and available on the Fitch Ratings web site at 'www.fitchratings.com'.)

Fitch reviewed each transaction's performance, credit enhancement, as well as the legal structure on a stand-alone basis without the consideration of FSA's support. The transactions were deemed not able to support the higher rating and continue to be rated based on the FSA support. The current loss multiple for each transaction was a key factor in determining if a higher rating was warranted.

Fitch has downgraded the following ratings to 'AA' from 'AA+':

AmeriCredit Automobile Receivables Trust 2005-C-F

--Class A-4.

AmeriCredit Automobile Receivables Trust 2006-A-F

--Class A-4.

AmeriCredit Automobile Receivables Trust 2007-B-F

--Class A-3-A;

--Class A-3-B;

--Class A-4.

AmeriCredit Automobile Receivables Trust 2007-D-F

--Class A-3-A;

--Class A-3-B;

--Class A-4-A;

--Class A-4-B.

AmeriCredit Automobile Receivables Trust 2008-A-F

--Class A-2-A;

--Class A-2-B;

--Class A-3;

--Class A-4.

The following applicable Criteria Reports are available on Fitch's web site at 'www.fitchratings.com': 'Rating U.S. Auto-Loan Backed Securitizations: A Tune-Up,' dated May 30, 2007, and 'Global Structured Finance Rating Criteria', dated Sept. 30, 2009.

Additional information is available at 'www.fitchratings.com'.

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.