DBRS Confirms Outstanding Ratings on PFS Financing Corp.

DBRS has confirmed its outstanding ratings on the PFS Financing Corp., Series 2010-C, 2010-D and 2011-A based on a review of the Series 2011-B Supplement, to the Base Indenture dated as of May 1, 2001 (as amended and restated) between PFS Financing Corp., a Missouri corporation (the “Issuer”) Wells Fargo Bank, National Association (as successor to JPMorgan Chase Bank N.A.), as trustee (the “Trustee”), and the Twelfth Supplemental Indenture and Amendment to the Base Indenture and Series Supplements for each of the Series 2001-B, Series 2001-C, Series 2001-D, Series 2006-A, Series 2009-A, Series 2009-D, Series 2010-C, Series 2010-D and 2011-A dated October --, 2011, between the Issuer and the Trustee.

DBRS also reviewed the recent performance of the trust and determined performance has been stable and in line with expectations.

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