DBRS Assigns Final Ratings to Navitas Equipment Receivables LLC 2013-1

DBRS, Inc. (DBRS) has assigned final ratings to the following classes of notes issued by Navitas Equipment Receivables LLC 2013-1. The notes are secured by a portfolio of diversified small-ticket equipment loans and leases, related assets and proceeds thereof.

--Class A rated ‘AA’ (sf)
--Class B rated ‘A’ (sf)
--Class C rated ‘BBB’ (sf)

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

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.

The full report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.