Press Release

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

Auto
May 24, 2017

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 principal methodologies are Master Canadian Structured Finance Surveillance Methodology (May 2017), Rating Canadian Auto Retail Loan and Lease Securitizations (October 2016) and Legal Criteria for Canadian Structured Finance (July 2016), which can be found on dbrs.com under Methodologies.

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

Ratings

  • 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.