DBRS Finalizes Provisional Ratings on Westgate Resorts 2015-1 LLC

DBRS, Inc. has today finalized its provisional ratings on the following classes of notes issued by Westgate Resorts 2015-1 LLC:

-- Timeshare Collateralized Notes, Series 2015-1, Class A rated A (sf)
-- Timeshare Collateralized Notes, Series 2015-1, Class B rated BBB (sf)

Notes:
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.

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

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
26-Feb-15	Timeshare Collateralized Notes, Series 2015-1, Class A	A (sf)	--	Provis.-Final	US
26-Feb-15	Timeshare Collateralized Notes, Series 2015-1, Class B	BBB (sf)	--	Provis.-Final	US

More

Westgate Resorts 2015-1 LLC

Timeshare Collateralized Notes, Series 2015-1, Class A

Date Issued:Feb 26, 2015
Rating Action:Provis.-Final
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Timeshare Collateralized Notes, Series 2015-1, Class B

Date Issued:Feb 26, 2015
Rating Action:Provis.-Final
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

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.

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