DBRS Confirms NextGear Floorplan Master Owner Trust, Series 2014-1 Ratings and Removes Under Review with Developing Implications Status

DBRS, Inc. (DBRS) has today confirmed all classes of notes issued by NextGear Floorplan Master Owner Trust, Series 2014-1. The ratings of the transaction had been placed Under Review with Developing Implications upon the publication of updated DBRS rating methodologies entitled “Rating U.S. Wholesale Securitizations” and “Unified Interest Rate Model for Rating U.S. Wholesale ABS Transactions” on February 2, 2015. Both classes of the transaction were confirmed at their current ratings as existing credit enhancement levels provide sufficient support to withstand stresses contained in the new rating methodologies.

Notes:
The applicable methodologies are Rating U.S. Wholesale Securitizations, Unified Interest Rate Model for Rating U.S. Wholesale ABS Transactions and 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.