DBRS Assigns Rating to an AT&T Receivables Funding, LLC June 27, 2014 Investment

DBRS has today assigned an “A” (sf) rating to the June 27, 2014, investment (the Investment) and defined yield created under the Receivables Purchase Agreement dated as of June 27, 2014, among AT&T Receivables Funding LLC, as the Seller, New Cingular Wireless PCS, LLC d/b/a AT&T Mobility, as the servicer, the pool purchaser agents, from time to time, the pool purchasers, from time to time, and Citibank, N.A., as the agent (the Purchase Agreement). The Investment was made in an amortizing pool of receivables that were originated by AT&T Mobility for obligors to finance the purchase of mobile phones and sold by the Seller under the Purchase Agreement.

Notes:
For the purpose of clarity, the June 27, 2014, Investment has been categorized under “Debt Rated” in the Ratings table below.

The applicable methodology is Rating U.S. Structured Finance Transactions, along with the appendix related to rating U.S. Consumer Loan ABS Transactions, 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.