DBRS Confirms Rating on Honda Canada Auto Receivables 2015-1 Owner Trust Note

DBRS Limited (DBRS) confirmed the rating of AAA (sf) on the Note issued by Honda Canada Auto Receivables 2015-1 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. (rated A (high) with a Stable trend by DBRS).

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 2018), Rating Canadian Auto Retail Loan and Lease Securitizations (October 2017) and Legal Criteria for Canadian Structured Finance (July 2017), 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.

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