Press Release

DBRS Confirms Rating on Honda Canada Auto Receivables 2015-2 Owner Trust Note

Auto
June 22, 2016

DBRS Limited (DBRS) has today confirmed the rating of AAA (sf) on the Note issued by Honda Canada Auto Receivables 2015-2 Owner Trust, which is backed by a portfolio of passenger car, light truck and sport utility vehicle loan receivable contracts originated by Honda Canada Finance Inc.

This rating has been assigned at the request of the note purchasers for regulatory purposes.

Notes:
The applicable methodologies are Master Canadian Structured Finance Surveillance Methodology (May 2016), Rating Canadian Auto Retail Loan and Lease Securitizations (October 2015) and Legal Criteria for Canadian Structured Finance (August 2015), which can be found on our website under Methodologies.

Ratings

Honda Canada Auto Receivables 2015-2 Owner Trust
  • Date Issued:Jun 22, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • 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

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