DBRS Discontinues Ratings on Securitized Term Auto Receivables Trust 2016-1, Class A-2 Notes

DBRS Limited (DBRS) discontinued its ratings on the 1.284% Auto Loan Receivables Backed Notes, Class A-2a and Auto Loan Receivables Backed Floating Rate Notes, Class A-2b (collectively, the Notes) issued by Securitized Term Auto Receivables Trust 2016-1, as the Notes were fully repaid on March 26, 2018.

Notes:
The principal methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations, Derivatives Criteria for Canadian Structured Finance and Legal Criteria for Canadian Structured Finance, 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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