OREANDA-NEWS. Fitch Ratings takes various rating actions on AmeriCredit Automobile Receivable Trusts. A full list of rating actions follows at the end of this press release.

KEY RATING DRIVERS

The rating actions are based on available credit enhancement and loss performance. The collateral pools continue to perform within Fitch's expectations. Under the credit enhancement structure, the securities are able to withstand stress scenarios consistent with the current ratings and make full payments to investors in accordance with the terms of the documents.

The ratings reflect the quality of AmeriCredit Financial Services, Inc.'s (dba GM Financial) retail auto loan originations, the strength of its servicing capabilities, and the sound financial and legal structure of the transaction.

RATING SENSITIVITIES
Unanticipated increases in the frequency of defaults and loss severity could produce loss levels higher than the current projected base case loss proxy and impact available loss coverage and multiples levels for the transaction. Lower loss coverage could impact ratings and Rating Outlooks, depending on the extent of the decline in coverage.

In Fitch's initial review of the transaction, the notes were found to have limited sensitivity to a 1.5x and 2.5x increase of Fitch's base case loss expectation. To date, the transaction has exhibited strong performance with losses within Fitch's initial expectations with rising loss coverage and multiple levels consistent with the current ratings. A material deterioration in performance would have to occur within the asset pool to have potential negative impact on the outstanding ratings.

DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to these rating actions.

Fitch's analysis of the Representations and Warranties (R&W) of these transactions in this review can be found in 'AmeriCredit Automobile Receivables Trust 2013-2 - Appendix,' and 'AmeriCredit Automobile Receivables Trust 2014-4 - Appendix.' These R&W are compared to those of typical R&W for the asset class as detailed in the special report 'Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions' dated June 12, 2015.

Fitch has taken the following rating actions:

AmeriCredit Automobile Receivables Trust 2013-2
--Class A-3 affirmed at 'AAAsf'; Outlook Stable;
--Class B affirmed at 'AAAsf'; Outlook Stable;
--Class C upgraded to 'AAAsf' from 'AAsf'; Outlook revised to Stable from Positive;
--Class D upgraded to 'Asf' from 'BBBsf'; Outlook Positive;
--Class E upgraded to 'BBBsf' from 'BBsf'; Outlook Positive.

AmeriCredit Automobile Receivables Trust 2014-4
--Class A-2a affirmed at 'AAAsf'; Outlook Stable;
--Class A-2b affirmed at 'AAAsf'; Outlook Stable;
--Class A-3 affirmed at 'AAAsf'; Outlook Stable;
--Class B affirmed at 'AAsf'; Outlook revised to Positive from Stable;
--Class C affirmed at 'Asf'; Outlook revised to Positive from Stable;
--Class D affirmed at 'BBBsf'; Outlook Stable;
--Class E affirmed at 'BBsf'; Outlook Stable.