DBRS Rates PFS Financing Corp Variable Funding Premium Finance Asset Backed Notes, Class A, Series 2001-B

DBRS, Inc. (“DBRS”) assigns a AAA (sf) rating on the Variable Funding Premium Finance Asset Backed Notes, Class A Notes, Series 2001-B issued by PFS Financing Corp. The rating is based on the proposed Series 2001-B Class A Notes issuance under the Second Amended and Restated Series 2001-B Supplement dated as of April 24, 2009, and the Base Indenture dated as of May 1, 2001, as amended and restated, between PFS Financing Corp., a Missouri corporation, Wells Fargo Bank, National Association (as successor to JPMorgan Chase Bank N.A.), as.

The ratings address the timely payment of interest and the ultimate payment of principal by the legal final distribution dates on the above referenced notes. DBRS also reviewed the recent performance of the trust and determined performance has been in line with expectations.

The underlying collateral for this transaction are insurance premium finance loans and the repayment thereof.

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

The applicable methodology is Rating U.S. Insurance Premium Finance Securitizations, which can be found on our website under Methodologies.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.