DBRS Finalizes Provisional Ratings to Direct Capital Funding V, LLC (Issuer) Equipment Contract Backed Notes, Series 2013-2

DBRS, Inc. (DBRS) has assigned final ratings related to Direct Capital Funding V, LLC Equipment Contract Backed Notes, Series 2013-2. Based on such review, DBRS has assigned the following ratings:

• Class A-1 rated R-1 (high) (sf)
• Class A-2 rated AAA (sf)
• Class B rated A (high) (sf)
• Class C rated BBB (sf)

The transaction provides financing for the activities of Direct Capital Corporation, a specialty finance company that engages primarily in the origination of small ticket and middle ticket equipment leases.

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

The applicable methodology is Rating U.S. Equipment Lease and Loan Securitizations, which can be found on our website under Methodologies.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.

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

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