DBRS Assigns Provisional Ratings to Navistar Financial Dealer Note Master Owner Trust 2011-1

DBRS, Inc. (“DBRS”) has assigned provisional final ratings to three classes of notes issued by Navistar Financial Dealer Note Master Owner Trust 2011-1 as summarized below.

-Series 2011-1 Notes, Class A rated AAA (sf)
-Series 2011-1 Notes, Class B rated AA (sf)
-Series 2011-1 Notes, Class C rated A (sf)

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

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

The full PreSale Report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.