Fitch Rates CNH Equipment Trust 2013-A

CHICAGO--(BUSINESS WIRE)--

Fitch Ratings has assigned ratings to CNH Equipment Trust 2013-A (CNH 2013-A) as detailed below.

CNH 2013-A

--$256,800,000 class A-1 notes 'F1+sf';

--$380,800,000 class A-2 notes 'AAAsf'; Outlook Stable;

--$398,000,000 class A-3 notes 'AAAsf'; Outlook Stable;

--$188,506,000 class A-4 notes 'AAAsf'; Outlook Stable;

--$28,176,000 class B notes 'Asf'; Outlook Stable.

Fitch's stress and rating sensitivity analysis are discussed in the presale report titled 'CNH Equipment Trust 2013-A,' dated Feb. 11, 2013, which is available on Fitch's website.

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' dated Dec. 28, 2012;

--'Global Structured Finance Rating Criteria' dated June 6, 2012;

--'CNH Equipment Trust 2013-A,' dated Feb. 11, 2013.

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

CNH Equipment Trust 2013-A (US ABS)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=701118

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