New York, March 30, 2015 -- Moody's Investors Service has reviewed the Twenty First Amendment to the Note Purchase, Security and Administration Agreement and the Twenty Second Amendment to the Lease Note Purchase and Security Agreement, both dated March 27, 2015 (the Amendments). The Amendments effectively extend the facility and note maturity dates for the retail installment and lease variable funding receivables-backed notes issued by Nissan Warehouse LLC (the Trust). At this time, the changes contemplated in the Amendments will not, in and of themselves, result in a reduction or withdrawal of the current rating on the Trust's issued and outstanding securities.

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