DBRS Confirms Ratings on First Investors Receivables Funding, LLC

DBRS, Inc. (DBRS) confirmed a rating of AA (low) (sf) on the Class A Notes, a rating of A (sf) on the Class B Notes and a rating of BBB (sf) on the Class C Notes (collectively, the Notes) issued by First Investors Receivables Funding, LLC. The Notes have been issued in a total amount of $165,000,000. The assets securing the Notes consist of subprime auto loans.

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

The principal methodology is Rating U.S. Retail Auto Loan Securitizations, which can be found on dbrs.com under Methodologies.

This rating was not initiated at the request of the rated entity.

The rated entity or its related entities did not participate in the rating process for this rating action. DBRS had have access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.