DBRS Assigns Provisional Rating to BCC Funding VIII LLC Equipment Contract Backed Notes, Series 2014-1

DBRS, Inc. (DBRS) has reviewed materials related to BCC Funding VIII LLC, Equipment Contract Backed Notes, Series 2014-1. Based on such review, DBRS has assigned the following provisional rating:

$139,661,000 Class A Notes rated A (sf)
Stated Maturity Date: 06/2020

$2,799,000 Class B Notes not rated
Stated Maturity Date: 08/2020

$5,519,000 Class C Notes not rated
Stated Maturity Date: 08/2020

$3,760,000 Class D Notes not rated
Stated Maturity Date: 08/2021

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

Notes:
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.

DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.

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

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found by clicking on the link below or by contacting us at info@dbrs.com.