DBRS Confirms Ratings on FCC Financing Subsidiary VIII, LLC
OtherDBRS 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
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