DBRS Takes Rating Actions on GO Financial Auto Securitization Trust 2015

DBRS, Inc. (DBRS) reviewed five ratings from two U.S. structured finance asset-backed securities transactions. Of the outstanding publicly rated classes reviewed, three were upgraded since performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their new respective rating levels. Additionally, two classes were discontinued due to repayment.

The ratings are based on DBRS’s review of the following analytical considerations:
-- Transaction capital structure, proposed ratings and form and sufficiency of available credit enhancement.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- The credit quality of the collateral pool and historical performance.

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

The principal methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

Please see attached appendix for additional information regarding sensitivity of assumptions used in the rating process.

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