OREANDA-NEWS. Fitch has affirmed the ratings on the outstanding notes issued by Ford Credit Auto Lease Trust 2015-B. A full list of rating actions follows at the end of this release.

KEY RATING DRIVERS

The affirmation of the class A and B notes reflects loss coverage levels consistent with their current rating. Hard credit enhancement (CE) has grown for all classes since close, and credit and residual performance is inside of Fitch's initial expectations. The Outlook revision of the Class B notes to Positive from Stable reflects a potential upgrade in the next 1-2 years.

RATING SENSITIVITIES

Unanticipated increases in the frequency of defaults or deterioration in vehicle values could produce loss levels higher than the current expectations and impact available loss coverage. Lower loss coverage could impact ratings and Rating Outlooks, depending on the extent of the decline in coverage.

To date, the transaction has exhibited strong credit and residual performance, inside Fitch's initial expectations with rising loss coverage. Due to the growing credit enhancement levels and increased loss coverage afforded to the notes, a substantial deterioration in used vehicle values would have to occur to have a negative impact on the updated ratings.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G-10

Form ABS Due Diligence-15E was not provided to, or reviewed by, Fitch in relation to this rating action.

Fitch has affirmed the following ratings:

--Class A-2a at 'AAAsf'; Outlook Stable;

--Class A-2b at 'AAAsf'; Outlook Stable;

--Class A-3 notes at 'AAAsf'; Outlook Stable;

--Class A-4 notes at 'AAAsf'; Outlook Stable

--Class B notes at 'AAsf'; Outlook revised to Positive from Stable.

Class C notes are not rated.