DBRS Assigns A (low) (sf) Rating to the Class S Units of FCT Triple P

DBRS, Inc. (“DBRS”) has assigned the rating of A (low) (sf) to the Class S Units issued by FCT Triple P. The trade receivable transaction is administered by Credit Agricole Corporate and Investment Bank. The rating addresses the timely payment of interest and ultimate payment of principal.

The Class S Units are backed by trade receivables that were reviewed for their ability to perform within certain thresholds for loss reserves, carrying costs and dilution, as well as other factors specific to the trade receivables portfolio.

The principal methodology is U.S. Trade Receivables Methodology, which can be found on www.dbrs.com.

DBRS, Inc. (“DBRS”) has assigned the rating of A (low) (sf) to the Class S Units issued by FCT Triple P. The trade receivable transaction is administered by Barclays Bank PLC (Barclays). The rating addresses the timely payment of interest and ultimate payment of principal.

The Class S Units are backed by trade receivables that were reviewed for their ability to perform within certain thresholds for loss reserves, carrying costs and dilution, as well as other factors specific to the trade receivables portfolio.

The principal methodology is U.S. Trade Receivables Methodology, which can be found on www.dbrs.com.

The sources of information used for this rating include parties involved in the rating, including but not limited to FCT Triple P and Barclays. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

Lead Analyst: Matthew La Capra
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 26 March 2013

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

Notes:
All figures are in U.S. dollars unless otherwise noted.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.