DBRS Discontinues Rating of Ford Auto Securitization Trust, Asset-Backed Notes, Series 2011-R1, Class A-1

DBRS has today discontinued the rating of the Asset-Backed Notes, Series 2011-R1, Class A-1 (the Notes) of Ford Auto Securitization Trust 2011-R1, as the Notes were fully repaid as of September 17, 2012.

Notes:
The applicable methodology is Rating Canadian Auto Loan Securitizations (January 2012), which can be found on our website under Methodologies.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
05-Oct-12	Asset-Backed Notes, Series 2011-R1, Class A-1	Discontinued	--	Disc.-Repaid	CA

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Ford Auto Securitization Trust 2011-R1

Asset-Backed Notes, Series 2011-R1, Class A-1

Date Issued:Oct 5, 2012
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:CA

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.

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