DBRS Assigns Provisional Ratings to NextGear Floorplan Master Owner Trust, Series 2015-1

DBRS, Inc. has today assigned provisional ratings to the following notes issued by NextGear Floorplan Master Owner Trust, Series 2015-1:

-- Series 2015-1 Notes, Class A-1 rated AAA (sf)
-- Series 2015-1 Notes, Class A-2 rated AAA (sf)
-- Series 2015-1 Notes, Class B rated A (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.

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
17-Jul-15	Class A	AAA (sf)	--	Provis.-New	US
17-Jul-15	Class B	A (sf)	--	Provis.-New	US

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NextGear Floorplan Master Owner Trust, Series 2015-1

Class A

Date Issued:Jul 17, 2015
Rating Action:Provis.-New
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class B

Date Issued:Jul 17, 2015
Rating Action:Provis.-New
Ratings:A (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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