DBRS Discontinues Ratings on Axis Equipment Finance Receivables LLC, Series 2012-1

DBRS, Inc. (DBRS) has today discontinued all outstanding ratings on the notes issued by Axis Equipment Finance Receivables LLC, Series 2012-1 due to repayment of the notes, as follows:

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

All other debts in this series were previously discontinued due to repayment.

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

This rating is 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.