Last Tuesday's $3.8 billion auto receivables transaction from Ford Motor Credit Co. sent spreads in the sector out two to three basis points. Some ABS market players believe Ford's frequent issuance this year could be tied to the company's negative headlines, where the ABS market seems safer than the corporate debt market.

As DaimlerChrylser is placed on review for a corporate rating downgrade, the ABS market is awaiting to see if Chrysler will follow suit.

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