Press Release

DBRS Discontinues Rating on Wholesale Auto Receivables Funding (WARF) Limited

Auto
July 03, 2012

DBRS, Inc. (DBRS) has discontinued its rating on the Wholesale Auto Receivables Funding (WARF) Limited notes. The Funded Notes previously rated AAA (sf) are now rated Discontinued-Repaid due to repayment of the notes.

Notes:
The applicable methodology is the Master European Structured Finance Surveillance Methodology, which can be found on our website under Methodologies.

Lead Analyst: Chris O’Connell
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: 30 November 2009

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.