DBRS Confirms AA (sf) Rating to the Syndicated Loans Made by the Lenders to JFIN Funding LLC

DBRS has today confirmed the rating of AA (sf) to the Syndicated Loans up to the Total Commitment Amount of $612,700,000 made by the Lenders to JFIN Funding LLC (“JFIN”). JFIN is collateralized primarily by a portfolio of U.S. middle market corporate loans and other corporate obligations. The DBRS rating addresses JFIN’s ability to make timely payments of interest and ultimate payments of principal on or before the legal maturity date of the Syndicated Loans.

The rating reflects the following:

(1) The Revolving Credit and Security Agreement, dated as of June 14, 2010.

(2) The integrity of the transaction structure.

(3) DBRS’s assessment of portfolio quality.

(4) Adequate credit enhancement to withstand projected collateral loss rates under various cash flow stress scenarios.

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

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