DBRS Confirms AA (low) Rating on Atalaya Funding II LP

DBRS has today confirmed its rating of AA (low) on the $300 Million Facility (the Facility) issued by Atalaya Funding II LP (Atalaya) that is collateralized by a portfolio of U.S. high-yield corporate loans. The DBRS rating addresses Atalaya’s ability to make timely payments of interest and the final payment of principal on the Facility’s legal maturity date.

The confirmation of the AA (low) rating reflects the observed performance of both the collateral pool and the structural mechanics since the transaction was initially assigned a DBRS rating on June 30, 2008.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Global High Yield Securitizations, Structured Loans, and Tranched Credit Derivatives, which can be found under our website under Methodologies.

This is a Structured Finance rating.