DBRS Confirms Ratings on Prestige Auto Receivables Trust 2011-1

DBRS, Inc. (DBRS) has confirmed the outstanding ratings of the Prestige Auto Receivables Trust 2011-1 transaction as listed below. The collateral supporting the transaction is performing within DBRS expectations and available credit enhancement for each class is sufficient to cover DBRS expected losses. . One class was discontinued due to repayment of the noteholders.

The following classes have been reviewed:
-- Class A-1 previously rated R-1 (high) (sf) is now rated at Discontinued-Repaid.
-- Class A-2 has been confirmed at AAA (sf)
-- Class A-3 has been confirmed at AAA (sf)
-- Class B has been confirmed at AA (sf)
-- Class C has been confirmed at ‘A’ (sf)
-- Class D has been confirmed at BBB (sf)

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