DBRS Takes Rating Actions on the Asset Purchase Agreements Supporting GIFS Capital Company, LLC

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

• GIFS Capital Company, LLC – RNAR: Upgraded from AA (sf) to AAA (sf)
• GIFS Capital Company, LLC – LNAR: Confirmed at AA (sf)
• GIFS Capital Company, LLC – WHAR: Confirmed at AA (sf)
• GIFS Capital Company, LLC – RNAF: Confirmed at A (sf)
• GIFS Capital Company, LLC – LNAF: Confirmed at A (sf)
• GIFS Capital Company, 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.