DBRS Confirms GMF Prime Automobile Warehouse Trust

DBRS, Inc. (DBRS) confirmed the Floating Rate Asset-Backed Notes (the Notes) issued by GMF Prime Automobile Warehouse Trust at AA (sf). The confirmation is based on performance trends and credit enhancement levels being sufficient to cover DBRS’s expected losses at the Notes’ current respective rating level.

The rating is based on DBRS’s review of the following analytical considerations:

-- Transaction capital structure, proposed rating and form and sufficiency of available credit enhancement.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- The credit quality of the collateral pool and historical performance.

Notes:
The principal methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had 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.

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