DBRS Confirms Two Series from Chesapeake Funding LLC

DBRS, Inc. (DBRS) has today confirmed the outstanding ratings on Series 2012-2 and Series 2013-1 issued by Chesapeake Funding LLC.

The rating confirmation is based on an analysis of the issuance of two new series, Series 2013-2 and Series 2013-3 issued by the Chesapeake Funding LLC, availability of credit enhancement and the presence of triggers in each series. Current performance of the transaction is in line with DBRS expectations.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.