DBRS Confirms A (low) (sf) Rating to the Class M Units Issued by FCC Pacific EUR

DBRS, Inc. (“DBRS’) has confirmed a rating of A (low) (sf) to the Class M Units issued by FCC Pacific EUR. The rating action reflects a recent amendment to the program. The above DBRS rating addresses the timely payment of interest and the ultimate payment of principal.

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 principal methodologies are U.S. Trade Receivables and Legal Criteria for European Structured Finance Transactions, which can be found on our website under Methodologies.

The sources of information used for this rating include parties involved in the rating, including but not limited to FCC Pacific EUR and Natixis. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

Notes:
All figures are in Euro unless otherwise noted.