DBRS Discontinues the Rating on Consumer Auto Receivables Finance Limited, Class A

DBRS Ratings Limited (DBRS) has discontinued the rating on Class A Notes issued by Consumer Auto Receivables Finance Limited due to repayment of the notes on 24 June 2013. Class A Notes was previously rated ‘AAA’ (sf) and it is now Discontinued.

Notes:
All figures are in Euros unless otherwise noted.
The principal methodology applicable is:
Master European Structured Finance Surveillance Methodology

This can be found on www.dbrs.com at:
http://www.dbrs.com/about/methodologies

The sources of information used for this rating include reports provided by Deutsche Bank AG, London Branch.

DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

DBRS does not audit the information it receives in connection with the rating process, and it does not and cannot independently verify that information in every instance.

The last rating action on this transaction took place on 10 April 2013, when DBRS assigned New Rating to:

• Class A Notes at ‘AAA’ (sf)
• Class B Notes at ‘AAA’ (sf)
• Class C Notes at ‘AA’ (sf)
• Class D Notes at ‘A’ (sf)
• Class E Notes at ‘BBB’ (sf)
• Class F Notes at ‘BB’ (sf)

Information regarding DBRS ratings, including definitions, policies and methodologies are available on www.dbrs.com.

For further information on DBRS historic default rates published by the European Securities and Markets Administration (“ESMA”) in a central repository, see:
http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Initial Lead Analyst: Sergey Moiseenko
Initial Rating Date: 10 April 2013
Initial Rating Committee Chair: Claire Mezzanotte

Last Rating Date: 10 April 2013

Lead Surveillance Analyst: Dylan Cissou
Rating Committee Chair: Claire Mezzanotte

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