DBRS Assigns Rating to Note Issued by Nissan Canada Auto Receivables Limited Partnership

DBRS has today assigned a rating of AA (sf) to NCAR LP Promissory Note 2012-01 (the Note) issued by Nissan Canada Auto Receivables Limited Partnership. The Note is backed by a pool of auto lease receivables originated entirely in Canada. The Note was issued on a private placement basis and is structured as a pass-through security with principal and interest paid on a monthly basis from collections on the receivables.

The rating has been assigned at the request of the investor for regulatory purposes and is available at www.dbrs.com.

Note:
The applicable methodologies are Rating Canadian Auto Lease Securitizations (January 2012), Legal Criteria for Canadian Structured Finance (September 2012) and Hedge Counterparty Criteria for Canadian Structured Finance Transactions (September 2012), each of which can be found on our website under Methodologies.