Press Release

DBRS Assigns Provisional Ratings to Westgate Resorts 2014-1 LLC

Other
September 12, 2014

DBRS has today assigned provisional ratings to the following classes issued by Westgate Resorts 2014-1 LLC:

-- Timeshare Collateralized Notes, Series 2014-1, Class A rated A (sf)
-- Timeshare Collateralized Notes, Series 2014-1, Class B rated BBB (sf)
-- Timeshare Collateralized Notes, Series 2014-1, Class C rated BB (sf)

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

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

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.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Ratings

Westgate Resorts 2014-1 LLC
  • Date Issued:Sep 12, 2014
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 12, 2014
  • Rating Action:Provis.-New
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Sep 12, 2014
  • Rating Action:Provis.-New
  • Ratings:BB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.