DBRS Morningstar Discontinues Rating on GM Financial Automobile Leasing Trust 2017-PP3

DBRS, Inc. (DBRS Morningstar) discontinued the rating on the 2017-PP3 Note issued by GM Financial Automobile Leasing Trust 2017-PP3 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 not 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.

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 June 20, 2019, when DBRS Morningstar upgraded the 2017-PP3 Note to AAA (sf).

For further information on DBRS Morningstar 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, US ABS Surveillance – Global Structured Finance
Rating Committee Chair: Tim O’Neil, Managing Director – Global Structured Finance, Head of Canadian Structured Finance,
Initial Rating Date: July 6, 2017

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

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