Press Release

DBRS Confirms Ratings on FCC Financing Subsidiary VIII, LLC

Other
February 10, 2012

DBRS has confirmed ratings on the following classes issued by FCC Financing Subsidiary VIII, LLC:

•U.S.$89,200,000 Senior Secured First Priority Floating Rate Notes Class A-1 Due 2017 ‘AA’ (sf)
•U.S.$89,200,000 Senior Secured First Priority Floating Rate Notes Class A-2 Due 2017 ‘AA’ (sf)
•U.S.$11,150,000 Senior Secured Second Priority Floating Rate Notes Class B-1 Due 2017 ‘BBB’ (sf)
•U.S.$11,150,000 Senior Secured Second Priority Floating Rate Notes Class B-2 Due 2017 ‘BBB’ (sf)

All classes of notes have a Stated Maturity Date of March 31, 2017 and are secured by a Portfolio of Asset Based and Factoring Loan Receivables.

This ratings confirmation has been issued following amendments to certain financial covenants of the originator/servicer as detailed in the First Supplemental Indenture.

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

Ratings

FCC Financing Subsidiary VIII, LLC
  • Date Issued:Feb 10, 2012
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Feb 10, 2012
  • Rating Action:Confirmed
  • Ratings:AA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Feb 10, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • Date Issued:Feb 10, 2012
  • Rating Action:Confirmed
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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