Morningstar DBRS Discontinues Credit Ratings on Donlen Fleet Lease Funding 2 LLC, Series 2021-2

DBRS, Inc. (Morningstar DBRS) discontinued its outstanding credit ratings on Donlen Fleet Lease Funding 2 LLC, Series 2021-2 as a result of repayment.

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE CONSIDERATIONS

There were no Environmental/Social/Governance factor(s) that had a significant or relevant effect on the credit analysis.

A description of how Morningstar DBRS considers ESG factors within the Morningstar DBRS analytical framework can be found in the Morningstar DBRS Criteria: Approach to Environmental, Social, and Governance Factors in Credit Ratings (August 13, 2024) https://dbrs.morningstar.com/research/437781.

Notes:
The principal methodology applicable to the credit ratings is Morningstar DBRS Master U.S. ABS Surveillance (November 22, 2024) https://dbrs.morningstar.com/research/443436.

Other methodologies referenced in this transaction are listed at the end of this press release.

The credit ratings were initiated at the request of the rated entity.

The rated entity or its related entities did participate in the credit rating process for these credit rating actions.

Morningstar DBRS had access to the accounts, management and other relevant internal documents of the rated entity or its related entities in connection with these credit rating actions.

These are solicited credit ratings.

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The credit rating methodologies used in the analysis of this transaction can be found at: https://dbrs.morningstar.com/about/methodologies.

-- Operational Risk Assessment for U.S. ABS Originators and Servicers (August 06, 2024)
https://www.dbrsmorningstar.com/research/437545

-- Legal Criteria for U.S. Structured Finance (October 28, 2024)
https://www.dbrsmorningstar.com/research/441840

-- Rating U.S. Structured Finance Transactions (November 18, 2024)
https://www.dbrsmorningstar.com/research/443136

-- Interest Rate Stresses for U.S. Structured Finance Transactions (February 26, 2024)
https://www.dbrsmorningstar.com/research/428623

-- Rating U.S. Auto Fleet Lease Securitizations (August 06, 2024)
https://www.dbrsmorningstar.com/research/437549

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