Cars Alliance Auto Loans Germany V 2019-1: Rating Report

DBRS Ratings GmbH (DBRS) finalised its provisional ratings of AAA (sf) and AA (high) (sf) on the Class A notes and Class B notes, respectively, issued by Cars Alliance Auto Loans Germany V 2019-1 (CAALG 2019-1 or the Issuer). The securitised receivables consist of auto loans related to both used and new motor vehicles originated by the German branch of RCI Banque S.A. (RCIB).