Press Release

DBRS Discontinues Ratings on Three Private Driver Transactions

Auto
May 29, 2012

DBRS, Inc. (DBRS) has discontinued its ratings on the Private Driver 2008-2, 2008-3, and 2008-4 notes. The follow ratings have been discontinued due to repayment of the notes:

Private Driver 2008-2 GmbH
-- Class A previously rated AAA (sf) is now rated Disc- Repaid
-- Class B previously rated AAA (sf) is now rated Disc- Repaid

Private Driver 2008-3 GmbH
-- Class A previously rated AAA (sf) is now rated Disc- Repaid
-- Class B previously rated AAA (sf) is now rated Disc- Repaid

Private Driver 2008-4 GmbH
-- Class A previously rated AAA (sf) is now rated Disc- Repaid
-- Class B previously rated AAA (sf) is now rated Disc- Repaid

Notes:
The applicable methodology is the Master European Structured Finance Surveillance Methodology, which can be found on our website under Methodologies.

Lead Analyst: Mike Babick
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: February 24, 2011

Ratings

Private Driver 2008-2
  • Date Issued:May 29, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 29, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
Private Driver 2008-3
  • Date Issued:May 29, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 29, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
Private Driver 2008-4
  • Date Issued:May 29, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 29, 2012
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.