DBRS Confirms $325 Million Facility Issued by Quinten Road Funding LLC

DBRS, Inc. (“DBRS”) has today confirmed the rating of A (high) (sf) on the $325 Million Facility (“the Facility”) issued by Quinten Road Funding, LLC (“the Issuer”). The DBRS rating addresses the Issuer’s ability to make timely payments of interest and full and ultimate payments of principal on or before the Facility’s legal maturity date of December 21, 2017.

The above rating action is due to the update of the principal methodology, Rating Methodology for CLOs and CDOs of Large Corporate Credit. 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 is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

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