DBRS Confirms Ratings on Global SC Finance SRL Series 2011-1 and Series 2011-2

DBRS Inc. (DBRS) has reviewed the Global SC Finance SRL Series 2011-1 and Series 2011-2 container receivables asset-backed securities transactions and confirmed its rating.

The collateral supporting the transactions is performing within DBRS expectations and available credit enhancement is sufficient to cover DBRS expected stresses. DBRS examines various performance measures as well as compliance with asset composition and performance based tests in assessing the credit strength of securitizations backed by cash flows from Intermodal Container portfolios.

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

Lead Analyst: Jayce Fox
Rating Committee Chair: Erin Stafford
Initial Rating Date: December 22, 2011