DBRS Assigns Ratings to CNH Capital Canada Receivable-Backed Notes, Series 2015-2

DBRS Limited (DBRS) has today assigned the following ratings to the CNH Capital Canada Receivable-Backed Notes, Series 2015-2 issued by CNH Capital Canada Receivables Trust (the Trust):

-- AAA (sf) to the Class A Receivable-Backed Notes, Series 2015-2 (the Class A Notes)
-- A (sf) to the Class B Receivable-Backed Notes, Series 2015-2 (the Class B Notes)

On closing, the Trust acquired a portfolio of retail installment sales contracts secured by new and used agricultural and construction equipment (the Portfolio of Assets) originated in Canada. The Class A Notes and the Class B Notes are structured as sequential pass-through securities with principal and interest paid on a monthly basis from collections on the Portfolio of Assets.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodologies are Rating Canadian Equipment Finance Securitization Transactions and Legal Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.