DBRS Upgrades and Assigns New Ratings to First Investors Receivables Funding, LLC

DBRS, Inc. (DBRS) has today upgraded the rating on the Class A Notes issued by First Investors Receivables Funding, LLC to AA (low) (sf). DBRS has also assigned new ratings of A (sf) to the Class B Notes and BBB (sf) to the Class C Notes (together with the Class A Notes, the Notes). The Notes have been issued in a total amount of $165,000,000. The assets securing the Notes consist of subprime auto loans.

Notes:
All figures are in U.S. dollars unless otherwise noted.

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

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