DBRS Confirms AA (sf) Rating to the Syndicated Loans Made by the Lenders to JFIN Funding LLC

DBRS, Inc. (“DBRS”) has today confirmed the rating of AA (sf) to the Syndicated Loans up to the Total Commitment Amount of $612,700,000 to be made by the Lenders to JFIN Funding LLC (“JFIN”). JFIN is collateralized primarily by a portfolio of U.S. middle market corporate loans and other corporate obligations. The DBRS rating addresses JFIN’s ability to make timely payments of interest and ultimate payments of principal on or before the legal maturity date of the Syndicated Loans.

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 principle methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

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