DBRS Discontinues Ratings on GM Financial Automobile Leasing Trust 2016-PP5

DBRS, Inc. (DBRS) discontinued the outstanding rating on the 2016-PP5 Exchange Note issued by GM Financial Automobile Leasing Trust 2016-PP5 due to repayment.

Notes:
The principal methodology is DBRS Master U.S. ABS Surveillance Methodology, 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.

This rating is endorsed by DBRS Ratings Limited for use in the European Union. The following additional regulatory disclosures apply to endorsed ratings:

The last rating action on this transaction took place on February 22, 2019, when the rating of the transaction was upgraded to AAA (sf) from AA (sf).

For further information on DBRS historical default rates published by the European Securities and Markets Authority (ESMA) in a central repository, see: http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Lead Analyst: Jayce Fox, Senior Vice President, U.S. ABS Surveillance – Global Structured Finance.
Rating Committee Chair: Christopher D'Onofrio, Managing Director, U.S. ABS - Global Structured Finance.
Initial Rating Date: October 11, 2016.

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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