OREANDA-NEWS. S&P Global Ratings today raisedits ratings on the class B, C, D, and E notes from Capital Auto Receivables Asset Trust 2015-2 (CARAT 2015-2). At the same time, we affirmed our ratings on the class A-1a, A-1b, A-2, A-3, and A-4 notes from the same transaction (see list).

Today's rating actions reflect our revised expectations regarding future collateral performance based on the final collateral pool at the end of the revolving period and the beginning of the scheduled amortization, as well as the transaction's structure and credit enhancement. Our analysis also incorporated secondary credit factors, including credit stability, payment priorities under various scenarios, and sector - and issuer-specific analyses. More specifically, the actions reflect our view that the total credit support as a percentage of the amortizing pool balance is adequate for each raised or affirmed rating compared with our revised expected remaining losses.

The transaction had a one-year revolving period during which the issuer purchased additional receivables, subject to certain eligibility criteria and concentration limits. The revolving period ended after the May 20, 2016, distribution date, as scheduled.

During the revolving period, the issuer reinvested $676,030,179 in principal, which represents 33.53% of the initial pool balance plus additional receivables purchased during the revolving period.