NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms two classes of Honda Auto Receivables 2012-3 Owner Trust as follows: --Class A-3 asset-backed notes 'AAAsf'; Outlook Stable; --Class A-4 asset-backed notes 'AAAsf'; Outlook Stable. KEY RATING DRIVERS The transaction has exceeded performance to date relative to Fitch's initial cumulative net loss expectation of 0.90% with a current CNL of 31 bps. The affirmations of the A-3 and A-4 notes reflect loss coverage levels consistent with current ratings
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