DBRS Takes Rating Actions on the Asset Purchase Agreements Supporting Versailles Assets LLC

DBRS, Inc. (DBRS) has taken the following rating actions to the Asset Purchase Agreements (APA) supporting Versailles Assets LLC. The rating addresses the timely payment of interest and principal.

• Versailles Assets LLC – RNAR: Upgraded from AA (sf) to AAA (sf)
• Versailles Assets LLC – LNAR: Confirmed at AA (sf)
• Versailles Assets LLC – WHAR: Confirmed at AA (sf)
• Versailles Assets LLC – RNAF: Confirmed at A (sf)
• Versailles Assets LLC – LNAF: Confirmed at A (sf)
• Versailles Assets LLC – WHAF: Confirmed at AA (sf)

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.