Credit Rating Report

NATF America LLC: Rating Report

ABCP

Summary

On May 27, 2022, DBRS, Inc. (DBRS Morningstar) confirmed ratings on the Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7 Notes. In addition, on May 27, 2022, DBRS Morningstar finalized its provisional rating of AA (sf) on the Series 8 Notes and assigned a rating of AA (sf) to the Series 9 Notes issued by NATF America LLC.

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