22% class A-2 'AAA';

$277,000,000 3.50% of the initial pool
balance growing to 15% and a fully funded, nondeclining reserve
account of 2% of the initial pool balance. Prior to this, Mr.

This specialized niche of the insurance business exists in order to enhance the credit quality of financial instruments, such as municipal bonds.

bonds exists

Interest and principal on the notes are distributed monthly on the
sixth day of each month, commencing on March 7, 2005.

com

irmi backed

Principal is
distributed sequentially beginning with the class A-1 notes until paid
in full. Chyriwski came to FGIC from the financial guarantor, Ambac Financial
Group, Inc.
Mr. Chyriwski received a BBA in Finance from Pace University , New York and
an MBA in Finance from New York University.

guarantees insurer

The ratings address
the likelihood that noteholders will receive full payments of interest
and principal in accordance with the terms of the transaction
documents.7%),
Texas (11.

bonds guarantees

31, 2004, the company's managed automobile receivables
totaled $11.

insurers carriers

56%. FGIC's financial strength
is rated triple-A by Moody's Investors Service, Standard + Poor's and Fitch
Ratings.moore@fgic.

insurer niche

Business Editors

NEW YORK----Fitch Ratings expects to
assign the following ratings to AmeriCredit Automobile Receivables
Trust 2005-A-X asset-backed notes:

$165,000,000 2. The pool is well diversified geographically, with the
largest state concentrations in California (11.
ACF is a wholly owned operating subsidiary of AmeriCredit Corp .
(rated 'BB-' by Fitch). In addition,
John's network of contacts in the industry will enhance our group's ability to
expand its new business efforts.

niche surety

Chyriwski spent 12 years as a Director
with Financial Security Assurance (FSA).

insurer surety

defaults exists

Fitch Expects to Rate AmeriCredit Auto Receivables Trust 2005-A-X 'F1+'/'AAA'

Excess spread will be available to make accelerated principal
payments on the notes , thereby increasing OC to its targeted level.5%), Pennsylvania (5. At six months
ended Dec.

Chyriwski Joins FGIC's Healthcare Team

defaults carriers

9%).S.

backed reinsure

(XL Capital), whose insurer financial strength (IFS) is rated 'AAA' by
Fitch.

timely guaranty

9%), Florida (11.
Geographic diversification acts to insulate the transaction against
regional economic downturns. NEW YORK, Financial Guaranty Insurance Company
(FGIC ) announced that John Chyriwski has joined as a Director, Public Finance,
effective today."

Company Profile
Established in 1983, FGIC is one of the four leading monoline financial
guarantors , primarily engaged in the business of providing credit enhancement
on public finance and structured finance securities in the U.

irmi insure

The receivables in the 2005-A-X trust are simple interest
receivables made with respect to new (33.18%)
automobiles and light-duty trucks and vans.

mechanisms relate

In the event that the issuer defaults on its obligations, the insurer guarantees full and timely payment of principal and interest to the investor.

relate guarantees

The weighted average APR
is 15.1 billion. His arrival further demonstrates our
commitment to the business and to all of our clients in the healthcare field.

guaranty timely

8%), and Illinois (3. AmeriCredit Corp. As a senior member of the healthcare team, he will underwrite
a broad spectrum of high quality healthcare credits throughout the U.
Mr. At FSA, he was primarily responsible
for underwriting healthcare and higher education credits. and
internationally.

Contact: Brian Moore
Investor + Public Relations
T: 212-312-2776
E: brian.

insure issuing

1%), Ohio (4. is a consumer finance
company specializing in purchasing, securitizing, and servicing
automobile loans, with a leading position in the competitive and
sometimes volatile nonprime automobile finance industry.

This category contains sites related to financial guaranty insurance.

issuing carriers

73% class A-1 'F1+';

$258,000,000 3.82%) and used (66. FGIC typically guarantees the scheduled payments of
principal and interest on an issuer's obligation.

guarantees niche

S., where he was a First Vice President in their healthcare group for
the past two years.
Ellen Gordon, Managing Director and head of FGIC's Healthcare Group
commented, "John's deep understanding of the complex healthcare market,
coupled with his long history in the financial guaranty industry, add
significantly to what was already a strong team here at FGIC.

obligations investor

63% class A-3 'AAA';

$201,000,000 3.

The securities, which represent the first securitization of the
year offered by AmeriCredit Financial Services, Inc. The ratings are based on the terms of the financial
guaranty insurance policy and IFS rating of XL Capital, the
transaction 's sound legal and cash flow structures, and the strength
of ACF as originator and servicer of the receivables. Before drawing upon the insurance policy, losses will be
covered by excess spread, overcollateralization (OC), and a spread
account.

investor feasibility

The note policy ensures full and timely payment of interest and
principal by the legal final distribution date.

The issuer pays a premium to the insurer for issuing a financial guaranty policy for the benefit of the investor.

carriers reinsure

93% class A-4 'AAA'.

Financial guaranty insurance typically involves three parties: the investor, the issuer, and the insurer.

issuer issuing

The initial enhancement is provided by OC of 7.

issuing irmi

(ACF), are issued
with a note guaranty insurance policy from XL Capital Assurance Inc . His considerable
experience in the healthcare field also includes seven years with Standard +
Poor 's Corporation where he was charged with assigning ratings to various
municipal credits, with a focus on healthcare.