DBRS Discontinues Ratings on Securitized Equipment Receivables Trust 2016-1

DBRS, Inc. (DBRS) has today discontinued its ratings on the securities listed below due to a conflict of interest related to common ownership of DBRS and the sponsor of the transactions.

The following ratings are now Discontinued-Withdrawn:
-- Securitized Equipment Receivables Trust 2016-1, Asset Backed Notes, Class A previously rated A (sf)
-- Securitized Equipment Receivables Trust 2016-1, Asset Backed Notes, Class B previously rated BBB (sf)

Notes:
The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.