Press Release

DBRS Confirms Ratings on Westgate Resorts 2015-2 LLC

Other
November 17, 2016

DBRS, Inc. (DBRS) has today confirmed the ratings of Westgate Resorts 2015-2 LLC as follows:

-- Timeshare Collateralized Notes, Series 2015-2, Class A, Confirmed at A (sf)
-- Timeshare Collateralized Notes, Series 2015-2, Class B, Confirmed at BBB (sf)

The two publicly rated classes reviewed were confirmed as credit enhancement levels are sufficient to cover DBRS’s expected losses at their current respective rating levels.

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

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

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

Ratings

Westgate Resorts 2015-2 LLC
  • Date Issued:Nov 17, 2016
  • Rating Action:Confirmed
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:Nov 17, 2016
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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

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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