DBRS Rates CNH Equipment Trust 2006-A

Dominion Bond Rating Service (“DBRS”) has today assigned ratings to CNH Equipment Trust 2006-A’s (“CET”) Classes A-1, A-2, A-3, A-4, and B Notes (the “Notes”) as indicated above.

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 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 29th public securitization and is scheduled to close on March 16, 2006. Upon closing, approximately US$386.8 million (33.64%) of proceeds will be deposited into a pre-funding account. The pre-funding period will end no later than the June 2006 payment date. Proceeds from the account will be used to purchase additional receivables for the collateral pool.

Despite weakness in agricultural and construction equipment from 2000 to 2002, the asset performance has significantly improved since 2002. Credit enhancement available to support the Notes is sufficient to cover several multiples of expected loss performance.