DBRS Confirms DC Funding SPV, L.L.C. Revolving Credit Facility at AA (high) (sf)

DBRS, 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, and Natixis Financial Products LLC, as Administrative Agent.

The rating action reflects the February 7, 2012 release of an updated methodology (Rating Methodology for CLOs and CDOs of Large Corporate Credit) to rate and monitor collateralized loan obligations and collateralized debt obligations backed by non-granular portfolios of large corporate credits. The rating has also been removed from Under Review with Developing Implications (see “DBRS Places 22 Ratings from 11 CLOs of Corporate Credit Under Review with Developing Implications,” published on February 8, 2012).

The principal methodology applicable is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on www.dbrs.com.

The sources of information used for this rating include the Administrative Agent. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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