DBRS Assigns Provisional Ratings to SNAAC Auto Receivables Trust 2012-1

DBRS, Inc. (DBRS) has today assigned provisional ratings to the following classes issued by SNAAC Auto Receivables Trust 2012-1:

-Series 2012-1 Notes, Class A rated AAA (sf)
-Series 2012-1 Notes, Class B rated ‘A’ (sf)
-Series 2012-1 Notes, Class C rated BBB (sf)
-Series 2012-1 Notes, Class D rated BB (sf)

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

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

The full 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.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.