Fitch Rates CAL Securitization Trust 2007-1.

CHICAGO -- Fitch Ratings has assigned the following ratings to the CAL Securitization Trust 2007-1 asset-backed notes:

--$270,700,000 class A-1 notes 'F1+';

--$1,100,600,000 floating-rate class A-2 notes 'AAA';

--$400,000,000 floating-rate class A-3 notes 'AAA'.

The securities have been privately placed and are backed by beneficial interests in a pool of new retail closed-end automobile lease contracts and the underlying vehicles. The assigned ratings address the likelihood of full repayment of interest and principal in accordance with the terms of the documents.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 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.