DBRS Assigns A (sf) Ratings to the Class B Senior Units Issued by FCT Tresobat

DBRS, Inc. (“DBRS”) has assigned a rating of A (sf) to the Class B Senior Units issued by FCT Tresobat. The rating addresses the timely payment of principal and interest.

The rating rationale for trade receivables is generally based on a portfolio’s ability to perform within certain thresholds for loss, dilution and carrying costs reserves, as well as other factors specific to trade receivables criterion.

The sources of information used for this rating include parties involved in the rating, including but not limited to FCT Tresobat and Natixis. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating concerns a newly issued financial instrument. This is the first DBRS rating on this financial instrument.

The principal methodology is U.S. Trade Receivables, 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.

Lead Analyst: Matthew La Capra
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 20 March 2013

Notes:
All figures are in Euros unless otherwise noted.