| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | Moody's | Fitch | KBRA |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 276.0 | 19.2% | 70.1% | +14 bps | 0.25 | 2027-10-27 | P-1 | F1+ | — |
| Class A-2A | 364.6 | 25.3% | 44.8% | +33 bps | 1.01 | 2029-07-29 | Aaa | AAA | AAA |
| Class A-2B | 80.0 | 5.6% | 39.2% | +33 bps SOFR | 1.01 | 2029-07-29 | Aaa | AAA | AAA |
| Class A-3 | 444.6 | 30.9% | 8.4% | +38 bps | 2.31 | 2031-04-30 | Aaa | AAA | AAA |
| Class A-4 | 81.5 | 5.7% | 2.7% | +41 bps | 3.55 | 2032-04-30 | Aaa | AAA | AAA |
| Class B | 21.4 | 1.5% | 1.2% | +58 bps | 3.79 | 2032-06-30 | Aa3 | AA+ | AA+ |
| Class C | 17.5 | 1.2% | 0.0% | +78 bps | 3.79 | 2034-06-30 | A3 | A | A |
| Sponsor | Nissan Motor Acceptance Company LLC |
|---|---|
| Servicer | NMAC |
| Depositor / Transferor | Nissan Auto Receivables Company II LLC |
| Indenture Trustee | Wilmington Trust, National Association |
| Owner Trustee | Wilmington Trust, National Association (“ |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BNP Paribas Securities, BofA Securities, Lloyds Securities, U.S. Bancorp Investments, Mizuho Securities, Citigroup Global Markets |
| NAROT 2026-B | NAROT 2026-A | NAROT 2025-B | NAROT 2025-A | NAROT 2024-B | NAROT 2024-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | — | 2026-05-27 | 2025-11-25 | 2025-05-27 | 2024-10-23 | 2024-05-22 |
| Pool balance | $1,440.0MM | $1,394.8MM | $1,381.3MM | $1,668.5MM | $1,397.8MM | $1,424.1MM |
| WA Credit Score | 784−3 | 787 | 795 | 789 | 783 | 780 |
| WA APR | 4.02%−0.59pp | 4.44% | 4.61% | 4.46% | 4.62% | 4.85% |
| WA original term mo | — | — | — | — | — | — |
| % new vehicles | 4.5% | 10.9% | 10.0% | 6.9% | 10.0% | 10.5% |
| Reserve % | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Geo top-3 | TX 14.1% FL 7.5% CA 6.4% | FL 6.8% CA 6.3% GA 3.7% | TX 17.5% FL 7.4% CA 6.5% | TX 14.8% FL 7.3% CA 6.7% | TX 17.1% FL 8.8% CA 6.2% | TX 17.8% FL 9.5% CA 6.6% |
| Structure (at issuance) | ||||||
| AAA spread | +33 bps−5bps | +43 bps | +38 bps | +45 bps | +38 bps | +38 bps |
| AAA % of pool | 67.4%−0.8pp | 69.5% | 68.8% | 68.0% | 67.6% | 68.2% |
| Subordination below AAA | 2.7%+1.3pp | 2.8% | 1.5% | 1.4% | 0.0% | 0.0% |
| OC (initial) | 1.00% | 1.00% | 2.35% | 2.50% | 4.00% | 4.00% |
| OC target | 1.00% | 1.00% | 2.35% | 2.50% | 4.00% | 4.00% |
| OC floor | 1.00% | 1.00% | 2.35% | 2.50% | 4.00% | 4.00% |
| YSOC | 7.86% | 8.14% | 7.33% | 7.79% | 6.85% | 8.57% |
| Tranches | 7 | 7 | 6 | 6 | 5 | 5 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| NAROT 2026-B | HART 2026-C | FCAOT 2026-C | WOART 2026-C | BMWOT 2026-A | HAROT 2026-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | — | 2026-09-23 | — | 2026-08-26 | 2026-08-19 | 2026-08-12 |
| Pool balance | $1,440.0MM | $2,306.5MM | $1,386.3MM | $1,084.4MM | $1,895.5MM | $2,159.3MM |
| WA Credit Score | 784+14 | 774 | 753 | 758 | 784 | 770 |
| WA APR | 4.02%−0.92pp | 4.49% | 5.13% | 5.74% | 3.35% | 4.94% |
| WA original term mo | — | 65.9 mo | 66.4 mo | 69.0 mo | 65.1 mo | 62.7 mo |
| % new vehicles | 4.5% | 99.9% | 92.9% | 98.5% | 70.5% | 86.1% |
| Reserve % | 0.25% | 0.25% | 0.28% | 0.23% | 0.25% | 0.25% |
| Geo top-3 | TX 14.1% FL 7.5% CA 6.4% | TX 13.0% FL 9.6% CA 8.6% | TX 17.7% FL 8.9% CA 8.6% | FL 46.2% GA 18.6% NC 15.4% | CA 15.9% TX 13.2% FL 10.9% | CA 16.1% TX 10.0% NY 5.8% |
| Structure (at issuance) | ||||||
| AAA spread | +33 bps+1bps | +37 bps | — | +31 bps | +30 bps | +32 bps |
| AAA % of pool | 67.4%−3.6pp | 64.9% | — | 70.0% | 72.0% | 73.9% |
| Subordination below AAA | 2.7%+0.6pp | 4.4% | — | 4.2% | 0.0% | 0.0% |
| OC (initial) | 1.00% | 3.00% | 2.00% | — | 2.50% | — |
| OC target | 1.00% | 3.00% | 2.00% | 0.90% | 2.50% | — |
| OC floor | 1.00% | 3.00% | 2.00% | 0.50% | 2.50% | — |
| YSOC | 7.86% | 8.12% | — | 6.76% | 5.31% | 5.84% |
| Tranches | 7 | 7 | 7 | 7 | 5 | 5 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
Left: per-series cumulative NET loss at matched seasoning 10-D (10-D servicer distribution reports). IQR band uses a fixed cohort of all peer series with ≥18 months of data (215 series across 9 issuers). Right: portfolio-level 60+ DQ rate aggregated across all active deals per issuer (calendar time, last 3 years), from ABS-EE loan-level data ABS-EE.
Nissan Motor Acceptance Company LLC — ticker NAROT.
Peer tier: prime.
Open in Explorer ↗ for
FICO sub-band and new/used stratification.