DBRS Assigns Provisional Ratings to NCF Dealer Floorplan Master Trust, Series 2014-1

DBRS has today assigned provisional ratings to the following notes issued by NCF Dealer Floorplan Master Trust, Series 2014-1:

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

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

The applicable methodologies are Rating U.S. Auto Wholesale ABS Securitizations and Rating U.S. Structured Finance Transactions, 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.

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

DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.