DBRS Assigns Ratings to the Asset Purchase Agreements Supporting Versailles Assets LLC

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

• Versailles Assets LLC – RNAR: AA (sf)
• Versailles Assets LLC – LNAR: AA (sf)
• Versailles Assets LLC – WHAR: AA (sf)
• Versailles Assets LLC – RNAF: A (sf)
• Versailles Assets LLC – LNAF: A (sf)
• Versailles Assets LLC – WHAF: AA (sf)

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

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.

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