DBRS Morningstar Discontinues Outstanding Ratings on Securitized Term Auto Receivables Trust 2016-1

DBRS Limited (DBRS Morningstar) discontinued its ratings on the 1.794% Auto Loan Receivables Backed Notes, Class A-4; 2.097% Auto Loan Receivables Backed Notes, Class B; and 2.997% Auto Loan Receivables Backed Notes, Class C (collectively, the Notes) issued by Securitized Term Auto Receivables Trust 2016-1, as the Notes were fully repaid on December 27, 2019.

Notes:
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 Morningstar 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 [email protected].

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