DBRS Finalizes Provisional Ratings of Chesapeake Funding LLC, Series 2015-1 and Confirms Series 2014-1, 2013-1 and 2012-2

DBRS, Inc. (DBRS) has today finalized its provisional ratings on the following classes issued by Chesapeake Funding LLC, Series 2015-1:

-- Series 2015-1 Notes, Class A rated AAA (sf)
-- Series 2015-1 Notes, Class B rated AA (sf)
-- Series 2015-1 Notes, Class C rated A (sf)
-- Series 2015-1 Notes, Class D rated BBB (sf)

DBRS has also confirmed its ratings on the following classes issued by Chesapeake Funding LLC, Series 2014-1, 2013-1 and 2012-2:

-- Series 2014-1 Notes, Class A confirmed at AAA (sf)
-- Series 2014-1 Notes, Class B confirmed at AA (sf)
-- Series 2014-1 Notes, Class C confirmed at A (sf)
-- Series 2014-1 Notes, Class D confirmed at BBB (sf)

-- Series 2013-1 Notes, Class A confirmed at AAA (sf)
-- Series 2013-1 Notes, Class B confirmed at AA (sf)
-- Series 2013-1 Notes, Class C confirmed at A (sf)
-- Series 2013-1 Notes, Class D confirmed at BBB (sf)

-- Series 2012-2 Notes, Class A confirmed at AAA (sf)
-- Series 2012-2 Notes, Class B confirmed at AA (sf)
-- Series 2012-2 Notes, Class C confirmed at A (sf)
-- Series 2012-2 Notes, Class D confirmed at BBB (sf)

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

The applicable methodology is Rating U.S. Auto Fleet Lease 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.