DBRS Confirms Ratings on DriveTime Auto ABS

DBRS, Inc. (DBRS) has reviewed five of its outstanding U.S. structured finance auto asset-backed securities transactions issued by Drivetime Car Sales Company, LLC. Of the five publicly rated series reviewed, 17 classes were confirmed and 4 classes were discontinued due to repayment of the noteholders.

The collateral supporting the transactions is performing within DBRS expectations and available credit enhancement for each class is sufficient to cover DBRS expected losses.

The following public transactions have been reviewed:

• DT Auto Owner Trust 2009-1

• Class A-1 confirmed at AAA (sf)
• Class A-2 confirmed at AAA (sf)
• Class B confirmed at AA (sf)
• Class C confirmed at ‘A’ (sf)

• DT Auto Owner Trust 2010-1

• Class A-1 previously rated R-1 (high) (sf) now rated Discontinued--Repaid
• Class A-2 previously rated AAA (sf) now rated Discontinued--Repaid
• Class B previously rated AA (sf) now rated Discontinued--Repaid
• Class C confirmed at ‘A’ (sf)
• Class D confirmed at BBB (sf)

• DT Auto Owner Trust 2011-1

• Class A previously rated AAA (sf) now rated Discontinued--Repaid
• Class B confirmed at AA (sf)
• Class C confirmed at ‘A’ (sf)
• Class D confirmed at BBB (sf)

• DT Auto Owner Trust 2011-2

• Class A confirmed at AAA (sf)
• Class B confirmed at AA (sf)
• Class C confirmed at ‘A’ (sf)
• Class D confirmed at BBB (sf)

• DT Auto Owner Trust 2011-3

• Class A confirmed at AAA (sf)
• Class B confirmed at AA (sf)
• Class C confirmed at ‘A’ (sf)
• Class D confirmed at BBB (sf)

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

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