Press Release

DBRS Assigns Final Ratings to Chesapeake Funding LLC, Series 2014-1, Confirms Series 2013-1 & 2012-2

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March 11, 2014

DBRS has today assigned final ratings to the following classes issued by Chesapeake Funding LLC, Series 2014-1:

-- Series 2014-1 Notes, Class A rated AAA (sf)
-- Series 2014-1 Notes, Class B rated AA (sf)
-- Series 2014-1 Notes, Class C rated A (sf)
-- Series 2014-1 Notes, Class D rated BBB (sf)

DBRS has also confirmed its ratings on the following classes issued by Chesapeake Funding LLC, Series 2013-1 and 2012-2:

-- Series 2013-1 Notes, Class A confirmed at AAA (sf)
-- Series 2013-1 Notes, Class B confirmed at AA (sf)
-- Series 2013-1 Notes, Class C confirmed at A (sf)
-- Series 2013-1 Notes, Class D confirmed at BBB (sf)

-- Series 2012-2 Notes, Class A confirmed at AAA (sf)
-- Series 2012-2 Notes, Class B confirmed at AA (sf)
-- Series 2012-2 Notes, Class C confirmed at A (sf)
-- Series 2012-2 Notes, Class D confirmed at BBB (sf)

Notes:
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.

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

Ratings

Chesapeake Funding LLC, Series 2012-2
Chesapeake Funding LLC, Series 2013-1
Chesapeake Funding LLC, Series 2014-1
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.