DBRS Confirms Ratings on PFS Financing Corp., Series 2010-C & 2010-D

DBRS has confirmed the ratings on the PFS Financing Corp., Series 2010-C & 2010-D based on a review of the Fifth Amendment to the Servicing Agreement, dated June 10, 2011, amending the Servicing Agreement, dated as of May 1, 2001 (as amended) among PFS Financing Corp., (the “Issuer”), Premium Financing Specialists, Inc., as servicer, and Wells Fargo Bank, National Association (as trustee) and the Third Amendment to the Note Purchase Agreement dated as of June 10, 2011 amending the Series 2001-C Note Purchase Agreement dated May 1, 2001 among the Issuer, and the purchasers and funding agent named therein (as amended).

DBRS also reviewed the recent performance of the trust and determined performance has been stable.

Note:
The applicable methodology is Rating U.S. Insurance Premium Finance Securitizations, which can be found on our website under Methodologies.