DBRS Confirms AA (high) (sf) Rating to DC Funding SPV, L.L.C. Revolving Credit Facility
Structured CreditDBRS, Inc. (“DBRS”) has today confirmed a rating of AA (high) (sf) to the Revolving Credit Facility contemplating advances to be made by the lenders thereunder up to a total commitment amount of $200,000,000 pursuant to the Revolving Credit and Security Agreement dated as of October 13, 2010, between DC Funding SPV, L.L.C., as borrower, Natixis Financial Products LLC, as Administrative Agent, the Lender parties thereto and State Street Bank and Trust Company as Collateral Agent. The Revolving Credit Facility is collateralized primarily by a portfolio of U.S. middle market corporate loans originated or acquired by the collateral manager, a middle market specialty finance company, and its affiliates. The rating addresses the timely payment of interest and the ultimate payment of principal on or before the Final Maturity Date of October 13, 2016.
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.
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All figures are in U.S. dollars unless otherwise noted.
Ratings
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