DBRS Rates CNH Equipment Trust 2005-B

Dominion Bond Rating Service (“DBRS”) has today assigned the above ratings to the Class A, B, and C Notes issued by CNH Equipment Trust 2005-B (“CET”).

The issuer, CET, is a special-purpose, bankruptcy-remote vehicle. CET will use the proceeds from the issuance of the notes to acquire the equipment receivables. In addition to the receivables, the notes will also be secured by an assignment of the originator’s security interest in the equipment financed by the underlying loans.

The collateral pool consists of retail agriculture and construction equipment receivables originated by CNH Capital America LLC (“CNH”), the sponsor. The transaction, at US$1.15 billion, is CNH’s 28th public securitization closed on September 21, 2005. Upon closing, approximately US$547 million of proceeds will be deposited into a pre-funding account. The pre-funding period will end no later than the December 2005 payment date. Proceeds from the account will be used to purchase additional receivables for the collateral pool.