Press Release

DBRS Confirms, Upgrades and Discontinues Ratings of U.S. ABS Transactions

Auto, Other, Equipment

February 19, 2016

DBRS, Inc. (DBRS) has conducted a review of 22 publicly rated U.S. structured finance asset-backed security transactions that are currently outstanding. Of the 91 securities reviewed, DBRS has today confirmed 75, upgraded ten and discontinued six due to repayment in full.

For the ratings that were confirmed, performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their current respective rating levels. For the upgraded securities, performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their new respective rating levels.

The following public transactions were reviewed:

-- Ascentium Equipment Receivables 2014-1 LLC
-- California Republic Auto Receivables Trust 2013-1
-- California Republic Auto Receivables Trust 2013-2
-- California Republic Auto Receivables Trust 2014-3
-- California Republic Auto Receivables Trust 2014-4
-- California Republic Auto Receivables Trust 2015-1
-- California Republic Auto Receivables Trust 2015-2
-- CPS Auto Receivables Trust 2014-B
-- CPS Auto Receivables Trust 2014-C
-- CPS Auto Receivables Trust 2014-D
-- CPS Auto Receivables Trust 2015-A
-- Domain Media LLC
-- Exeter Automobile Receivables Trust 2012-1
-- Exeter Automobile Receivables Trust 2012-2
-- Exeter Automobile Receivables Trust 2013-1
-- Exeter Automobile Receivables Trust 2013-2
-- Exeter Automobile Receivables Trust 2015-1
-- Navient Student Loan Trust 2015-1
-- Navitas Equipment Receivables LLC 2013-1
-- Springleaf Funding Trust 2015-A
-- Springleaf Funding Trust 2015-B
-- DT Auto Owner Trust 2015-1

Please see the attached appendix for additional information regarding the assumptions used in the rating process and related performance, which could affect rating sensitivity.

Notes:
The applicable methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

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

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

Ratings

Ascentium Equipment Receivables 2014-1 LLC

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Class B	AAA (sf)	--	Confirmed	US
19-Feb-16	Class C	AA (high) (sf)	--	Upgraded	US
19-Feb-16	Class D	A (high) (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2014-B, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-B, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2014-B, Class C	BBB (sf)	--	Confirmed	US
19-Feb-16	Series 2014-B, Class D	BB (high) (sf)	--	Confirmed	US
19-Feb-16	Series 2014-B, Class E	B (high) (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2014-C, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-C, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2014-C, Class C	BBB (sf)	--	Confirmed	US
19-Feb-16	Series 2014-C, Class D	BB (sf)	--	Confirmed	US
19-Feb-16	Series 2014-C, Class E	B (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2014-D, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-D, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2014-D, Class C	BBB (sf)	--	Confirmed	US
19-Feb-16	Series 2014-D, Class D	BB (sf)	--	Confirmed	US
19-Feb-16	Series 2014-D, Class E	B (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2015-A, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-A, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2015-A, Class C	BBB (sf)	--	Confirmed	US
19-Feb-16	Series 2015-A, Class D	BB (sf)	--	Confirmed	US
19-Feb-16	Series 2015-A, Class E	B (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Class B	AAA (sf)	--	Confirmed	US
19-Feb-16	Class C	AA (low) (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2013-2 Notes, Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2013-2 Notes, Class B	AA (high) (sf)	--	Upgraded	US
19-Feb-16	Series 2013-2 Notes, Class C	A (high) (sf)	--	Upgraded	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2014-3 Notes, Class A-1	Discontinued	--	Disc.-Repaid	US
19-Feb-16	Series 2014-3 Notes, Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-3 Notes, Class A-3	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-3 Notes, Class A-4	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-3 Notes, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2014-3 Notes, Class C	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2014-4 Notes, Class A-1	Discontinued	--	Disc.-Repaid	US
19-Feb-16	Series 2014-4 Notes, Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-4 Notes, Class A-3	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-4 Notes, Class A-4	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2014-4 Notes, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2014-4 Notes, Class C	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2015-1 Notes, Class A-1	Discontinued	--	Disc.-Repaid	US
19-Feb-16	Series 2015-1 Notes, Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class A-3	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class A-4	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class C	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2015-2 Notes, Class A-1	Discontinued	--	Disc.-Repaid	US
19-Feb-16	Series 2015-2 Notes, Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-2 Notes, Class A-3	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-2 Notes, Class A-4	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-2 Notes, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2015-2 Notes, Class C	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2015-1 Notes, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class B	AA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class C	A (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class D	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series A Senior Secured Delayed Draw Notes	BBB (sf)	--	Confirmed	US
19-Feb-16	Series B Senior Secured Delayed Draw Notes	BBB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2012-1, Class C	AAA (sf)	--	Confirmed	US E
19-Feb-16	Series 2012-1, Class D	BBB (low) (sf)	--	Confirmed	US E

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2012-2, Class B	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2012-2, Class C	AA (sf)	--	Upgraded	US
19-Feb-16	Series 2012-2, Class D	BB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2013-1, Class B	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2013-1, Class C	A (high) (sf)	--	Upgraded	US
19-Feb-16	Series 2013-1, Class D	BB (sf)	--	Confirmed	US
19-Feb-16	Series 2013-1, Class A	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2013-2, Class B	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2013-2, Class C	AA (high) (sf)	--	Upgraded	US
19-Feb-16	Series 2013-2, Class D	BB (sf)	--	Confirmed	US
19-Feb-16	Series 2013-2, Class A	Discontinued	--	Disc.-Repaid	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2015-1, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1, Class B	A (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1, Class C	BBB (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1, Class D	BB (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Series 2015-1 Notes, Class A-1	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class A-2	AAA (sf)	--	Confirmed	US
19-Feb-16	Series 2015-1 Notes, Class B	A (high) (sf)	--	Confirmed	US

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
19-Feb-16	Equipment Receivable Backed Notes, Class A	AAA (sf)	--	Confirmed	US
19-Feb-16	Equipment Receivable Backed Notes, Class B	AAA (sf)	--	Upgraded	US
19-Feb-16	Equipment Receivable Backed Notes, Class C	AA (low) (sf)	--	Upgraded	US

Show More Issuers

Ascentium Equipment Receivables 2014-1 LLC

Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Class D

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

CPS Auto Receivables Trust 2014-B

Series 2014-B, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-B, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-B, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-B, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-B, Class E

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:B (high) (sf)
Trend:--
Rating Recovery:
Issued:US

CPS Auto Receivables Trust 2014-C

Series 2014-C, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-C, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-C, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-C, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-C, Class E

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

CPS Auto Receivables Trust 2014-D

Series 2014-D, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-D, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-D, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-D, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-D, Class E

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

CPS Auto Receivables Trust 2015-A

Series 2015-A, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-A, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-A, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-A, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-A, Class E

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:B (sf)
Trend:--
Rating Recovery:
Issued:US

California Republic Auto Receivables Trust 2013-1

Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

California Republic Auto Receivables Trust 2013-2

Series 2013-2 Notes, Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-2 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-2 Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

California Republic Auto Receivables Trust 2014-3

Series 2014-3 Notes, Class A-1

Date Issued:Feb 19, 2016
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Series 2014-3 Notes, Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-3 Notes, Class A-3

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-3 Notes, Class A-4

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-3 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-3 Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

California Republic Auto Receivables Trust 2014-4

Series 2014-4 Notes, Class A-1

Date Issued:Feb 19, 2016
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Series 2014-4 Notes, Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-4 Notes, Class A-3

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-4 Notes, Class A-4

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-4 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2014-4 Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

California Republic Auto Receivables Trust 2015-1

Series 2015-1 Notes, Class A-1

Date Issued:Feb 19, 2016
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class A-3

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class A-4

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

California Republic Auto Receivables Trust 2015-2

Series 2015-2 Notes, Class A-1

Date Issued:Feb 19, 2016
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Series 2015-2 Notes, Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-2 Notes, Class A-3

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-2 Notes, Class A-4

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-2 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-2 Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

DT Auto Owner Trust 2015-1

Series 2015-1 Notes, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Domain Media LLC

Series A Senior Secured Delayed Draw Notes

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Series B Senior Secured Delayed Draw Notes

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Exeter Automobile Receivables Trust 2012-1

Series 2012-1, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:USE

Series 2012-1, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (low) (sf)
Trend:--
Rating Recovery:
Issued:USE

Exeter Automobile Receivables Trust 2012-2

Series 2012-2, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2012-2, Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2012-2, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Exeter Automobile Receivables Trust 2013-1

Series 2013-1, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-1, Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-1, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-1, Class A

Date Issued:Feb 19, 2016
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Exeter Automobile Receivables Trust 2013-2

Series 2013-2, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-2, Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AA (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-2, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2013-2, Class A

Date Issued:Feb 19, 2016
Rating Action:Disc.-Repaid
Ratings:Discontinued
Trend:--
Rating Recovery:
Issued:US

Exeter Automobile Receivables Trust 2015-1

Series 2015-1, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1, Class C

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BBB (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1, Class D

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:BB (sf)
Trend:--
Rating Recovery:
Issued:US

Navient Student Loan Trust 2015-1

Series 2015-1 Notes, Class A-1

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class A-2

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Series 2015-1 Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:A (high) (sf)
Trend:--
Rating Recovery:
Issued:US

Navitas Equipment Receivables LLC 2013-1

Equipment Receivable Backed Notes, Class A

Date Issued:Feb 19, 2016
Rating Action:Confirmed
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Equipment Receivable Backed Notes, Class B

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AAA (sf)
Trend:--
Rating Recovery:
Issued:US

Equipment Receivable Backed Notes, Class C

Date Issued:Feb 19, 2016
Rating Action:Upgraded
Ratings:AA (low) (sf)
Trend:--
Rating Recovery:
Issued:US

Show More Issuers

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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