DBRS Assigns Ratings on Hana Financial SPV I, LLC

DBRS, Inc. (DBRS) has reviewed materials related to Hana Financial SPV I, LLC. Based on such review, DBRS has assigned a BBB (sf) rating to notes of the US$115 million maximum facility amount, which originally closed on December 18, 2008.

The facility and notes provide financing to the activities of Hana Financial, Incorporated. Hana Financial is a specialty finance company that engages primarily in providing receivable-based commercial financing and related fee-based credit, collections and management information services.

The underlying collateral for these facilities are primarily asset-based loans and factoring loan receivables.

The transaction is currently serviced by Hana Financial, Incorporated, with backup servicing being provided by Wells Fargo Bank National Association.

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.