DBRS Downgrades Rating on Westlake Funding VII LLC Facility

DBRS, Inc. (DBRS) has today downgraded its rating on the Westlake Funding VII LLC Facility to AA (low) (sf) from AA (sf) in consideration of amended warehouse transaction provisions in conjunction with updated DBRS cash flow assumptions. Effective today, these changes include modifications to collateral concentration limits and eligibility requirements which are commensurate with an AA (low) (sf) rating.

Notes:
The applicable methodology is Rating U.S. Retail Auto Loan Securitizations, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

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