DBRS Assigned a Final Rating to FCC Financing Subsidiary VIII, LLC (Issuer), Series 2013-1 Notes

DBRS, Inc. (DBRS) has reviewed materials related to FCC Financing Subsidiary VIII, LLC, Series 2013-1 Notes. Based on such review, DBRS has assigned the following ratings:

• U.S.$243,000,000 Class A Notes Due April 2020 rated AA (sf)
• U.S.$30,376,000 Class B Notes Due April 2020 rated BBB (sf)
• U.S.$9,872,000 Class C Notes Due April 2020 rated BB (sf)

The transaction provides financing for the activities of First Capital Corporation. First Capital is a specialty finance company that engages primarily in three lines of business: (1) asset-based lending, (2) credit protection and (3) outsourcing for client and receivable management.

The underlying collateral for the notes is primarily asset-based loans and factoring receivables that have been made by First Capital to its clients.

Furthermore, DBRS is discontinuing its ratings on previous notes issued by FCC Financing Subsidiary VIII, LLC due to repayment of the notes. The following ratings have been discontinued due to repayment:

• U.S.$89,200,000 Class A-1 Notes previously rated AA (sf) now rated Discontinued-Repaid
• U.S.$89,200,000 Class A-2 Notes previously rated AA (sf) now rated Discontinued-Repaid
• U.S.$11,150,000 Class B-1 Notes previously rated BBB (sf) now rated Discontinued-Repaid
• U.S.$11,150,000 Class B-2 Notes previously rated BBB (sf) now rated Discontinued-Repaid

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

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

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.