DBRS Discontinues Ratings on Bumper CARS NL B.V.

DBRS Ratings Limited has today discontinued the ratings on the Senior Loan issued by Bumper CARS NL B.V. due to repayment of the notes. The Senior Loan was previously rated AAA (sf).

Notes:
The principal methodology applicable is the Master European Structured Finance Surveillance Methodology (December 2014), which can be found at http://www.dbrs.com/about/methodologies.

The sources of information used for this rating include investor reports provided by the Servicer. DBRS considers that the information available to it for the purposes of providing this rating was of satisfactory quality.

DBRS does not audit the information it receives in connection with the rating process, and it does not and cannot independently verify that information in every instance.

The last rating action on this transaction took place on 4 November 2014, when DBRS confirmed the Senior Loan rating at AAA (sf).

Information regarding DBRS ratings, including definitions, policies and methodologies are available at www.dbrs.com.

For further information on DBRS historic default rates published by the European Securities and Markets Administration in a central repository, see
http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Initial Lead Analyst: Alex Garrod
Initial Rating Date: 6 December 2012
Initial Rating Committee Chair: Claire Mezzanotte

Lead Surveillance Analyst: Vito Natale
Rating Committee Chair: Diana Turner

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