BMW Canada Auto Trust, Series 2018-1: Rating Report

DBRS Limited (DBRS) finalized its provisional ratings on the Class A-1, Class A-2 and Class A-3 Notes, Series 2018-1 (collectively, the Notes) issued by BMW Canada Auto Trust as follows:

-- Class A-1 Notes, Series 2018-1 (the Class A-1 Notes) rated AAA (sf)
-- Class A-2 Notes, Series 2018-1 (the Class A-2 Notes) rated AAA (sf)
-- Class A-3 Notes, Series 2018-1 (the Class A-3 Notes) rated AAA (sf)

The Notes are supported by a portfolio of retail closed-end lease contracts of new passenger cars and sport-activity vehicles (the Portfolio of Assets). The lease contracts were originated by authorized BMW dealers in Canada.