DBRS Discontinues Provisional Ratings on Axis Equipment Finance Receivables LLC

DBRS discontinued its provisional ratings on the Axis Equipment Finance Receivables LLC securities. Since these provisional ratings have been outstanding for an extended period, DBRS believes that the collateral supporting the transaction may not be representative of that which was reviewed for issuance of the provisional ratings.

The following ratings have been discontinued:
-- Class A previously rated AA (sf) are now rated Disc- Withdrawn
-- Class B previously rated A (sf) are now rated Disc- Withdrawn
-- Class C previously rated BBB (sf) are now rated Disc- Withdrawn
-- Class D previously rated BB (sf) are now rated Disc- Withdrawn
-- Class E-1 previously rated B (sf) are now rated Disc- Withdrawn

Notes:
The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.