DBRS Assigns Ratings to the Asset Purchase Agreements Supporting GIFS Capital Company, LLC

DBRS, Inc. (DBRS) has assigned the following ratings to the Asset Purchase Agreements (APA) dated as of March 15, 2013 supporting GIFS Capital Company, LLC. The rating addresses the timely payment of interest and principal.

• GIFS Capital Company, LLC – RNAR: AA (sf)
• GIFS Capital Company, LLC – LNAR: AA (sf)
• GIFS Capital Company, LLC – WHAR: AA (sf)
• GIFS Capital Company, LLC – RNAF: ‘A’ (sf)
• GIFS Capital Company, LLC – LNAF: ‘A’ (sf)
• GIFS Capital Company, LLC – WHAF: AA (sf)

DBRS will monitor the underlying transactions supported by the respective APA’s to reflect changes in credit quality.

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

The principal methodologies are Asset-Backed Commercial Paper Criteria Report: U.S. & European ABCP Conduits, Rating U.S. Retail Auto Loan Securitizations, Rating U.S. Auto Lease Securitizations, and Rating U.S. Wholesale Auto Securitizations, all of which can be found on the DBRS website.

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