Press Release

DBRS Finalizes Provisional Ratings on NextGear Floorplan Master Owner Trust, Series 2015-1

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July 29, 2015

DBRS, Inc. (DBRS) has today finalized its provisional ratings on the following notes issued by NextGear Floorplan Master Owner Trust, Series 2015-1:

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

DBRS has also confirmed all outstanding ratings for the NextGear Floorplan Master Owner Trust.

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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

Ratings

NextGear Floorplan Master Owner Trust, Series 2014-1
NextGear Floorplan Master Owner Trust, Series 2015-1
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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.