DBRS Morningstar Discontinues Ratings on Ally Funding Transferor Exclusive Receivables LLC

DBRS, Inc. (DBRS Morningstar) discontinued the ratings for the AFTER Lease, AFTER Retail, and AFTER Wholesale securities within the Ally Funding Transferor Exclusive Receivables LLC transaction. These securities were discontinued 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 March 12, 2019, when DBRS Morningstar confirmed AFTER Lease, AFTER Retail, and AFTER Wholesale at A (sf), A (sf), and AA (sf), respectively.

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: Erin Stafford, Managing Director, Head of North American CMBS
Initial Rating Date: March 14, 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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