Credit Rating Report

CNH Capital Canada Receivables Trust, Series 2019-1: Rating Report

Equipment

Summary

DBRS Limited (DBRS) finalized the following provisional ratings on the Receivable-Backed Notes, Series 2019-1 (the Notes) issued by CNH Capital Canada Receivables Trust (the Trust):

-- Class A-1 Receivable-Backed Notes, Series 2019-1 (the Class A-1 Notes) rated AAA (sf)
-- Class A-2 Receivable-Backed Notes, Series 2019-1 (the Class A-2 Notes) rated AAA (sf)

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