DBRS Morningstar Withdraws Rating on GMF Canada Leasing Trust’s Floating Rate Asset-Backed Notes, Series 2011-A

DBRS Limited (DBRS Morningstar) discontinued and withdrew the rating on the Floating Rate Asset-Backed Notes, Series 2011-A (the Notes) issued by GMF Canada Leasing Trust at the request of the Note purchaser as the rating was no longer required.

The portfolio has performed well since inception and the rating was last confirmed at AA (sf) by DBRS Morningstar on September 21, 2021.

The rating was assigned at the request of a Note purchaser.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:
The principal methodology is the Master Canadian Structured Finance Surveillance Methodology (June 7, 2021), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482.

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.dbrsmorningstar.com or contact us at [email protected].

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