Credit Rating Report

NATF America LLC: Rating Report

Obligations Backed by Insurance Policy

Summary

On May 27, 2022, DBRS, Inc. (DBRS Morningstar) confirmed ratings on the Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7 Notes. In addition, on May 27, 2022, DBRS Morningstar finalized its provisional rating of AA (sf) on the Series 8 Notes and assigned a rating of AA (sf) to the Series 9 Notes issued by NATF America LLC.

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