DBRS Assigns Ratings to Navistar Financial Dealer Note Master Owner Trust II, Series 2011-1

DBRS, Inc. (“DBRS”) has issued final ratings to three classes of notes issued by Navistar Financial Dealer Note Master Owner Trust II, Series 2011-1 as summarized below.

-Series 2011-1 Notes, $200,000,000 Class A Notes rated AAA (sf)
-Series 2011-1 Notes, $12,420,000 Class B Notes rated AA (sf)
-Series 2011-1 Notes, $11,120,000 Class C Notes rated A (sf)

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating U.S. Wholesale Auto Securitizations, which can be found on our website under Methodologies.

The full Rating Report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.