DBRS Rates RBSSP Resecuritization Trust 2010-7

DBRS has assigned ratings to the following classes issued by RBSSP Resecuritization Trust 2010-7:

-Class A Notes rated ‘A’
-Class A IO Notes rated ‘A’

This is a first resecuritization for DBRS’s non-resi ABS group in that the asset is a previously securitized rental car bond issued by Avis Budget’s AESOP program. The criteria to determine the credit enhancement was based on DBRS’s Rating U.S. Rental Car Securitizations. However, the approach to the resecuritization is similar to that used in the RMBS space for re-REMICs.

Note:
All figures are in U.S. dollars unless otherwise noted.

This is a Structured Finance rating.

The applicable methodology is Rating U.S. Rental Car Securitizations, which can be found on our website under Methodologies.