DBRS Discontinues Rating on Securitized Term Auto Receivables Trust 2016-1’s Class A-3 Notes

DBRS Limited (DBRS) discontinued its rating on the 1.524% Auto Loan Receivables Backed Notes, Class A-3 (the Notes) issued by Securitized Term Auto Receivables Trust 2016-1 as the Notes were fully repaid on May 28, 2019.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Canadian Auto Retail Loan and Lease Securitizations, which can be found on dbrs.com under Methodologies & Criteria.

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.

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

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