Press Release

DBRS Discontinues Ratings on Navistar Financial Dealer Note Master Owner Trust II, Series 2013-1

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February 18, 2015

DBRS, Inc. has today discontinued its ratings on the following notes issued by Navistar Financial Dealer Note Master Owner Trust II, Series 2013-1 due to repayment of the notes:

-- Series 2013-1, Class A Notes previously rated AAA (sf) now Discontinued - Repaid
-- Series 2013-1, Class B Notes previously rated AA (sf) now Discontinued - Repaid
-- Series 2013-1, Class C Notes previously rated A (sf) now Discontinued - Repaid
-- Series 2013-1, Class D Notes previously rated BBB (sf) now Discontinued - Repaid

Notes:
The applicable methodology is DBRS Master U.S. ABS Surveillance Methodology (October 2014), which can be found on our website under Methodologies.

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

Ratings

  • 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.