DBRS Assigns Provisional Ratings to Navistar Financial Dealer Note Master Owner Trust II, Series 2015-1

DBRS, Inc. has today assigned provisional ratings to the following notes issued by Navistar Financial Dealer Note Master Owner Trust II, Series 2015-1:

-- Series 2015-1 Notes, Class A, rated AAA (sf)
-- Series 2015-1 Notes, Class B, rated AA (sf)
-- Series 2015-1 Notes, Class C, rated A (sf)
-- Series 2015-1 Notes, Class D, rated BBB (sf)

Notes:
These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

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

The full report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.