DBRS Confirms Capital One Asset Multi-Asset Execution Trust

DBRS has confirmed all of the ratings of Capital One’s Capital One Asset Multi-Asset Execution Trust (“COMET”). The confirmation is due to an addition of $1.33 billion in new receivables which represents approximately 3.3% of the current pool balance of $39 billion.

The confirmation is based on the quality of receivables in the addition, the performance of the variables in the de-linked trust, the enhancement in the de-linked trust and the mechanics associated with providing protection to Class D and Class C should excess spread decline.

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

The applicable methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.