DBRS Confirms Ratings on OneMain Transactions
Consumer Loans & Credit CardsDBRS, Inc. (DBRS) has today confirmed its outstanding ratings on the notes issued by OneMain Financial, Inc. based on its review of Omnibus Amendment No. 1 to the Loan Purchase Agreement, Sale and Servicing Agreement, and Performance Support Agreement related to OneMain Financial Issuance Trust 2014-1, OneMain Financial Issuance Trust 2014-2, OneMain Financial Issuance Trust 2015-1 and OneMain Financial Warehouse Trust Series 2015-A Variable Funding Notes.
The following ratings have been confirmed:
OneMain Financial Issuance Trust 2014-1
-- Class A confirmed at AA (sf)
-- Class B confirmed at A (sf)
OneMain Financial Issuance Trust 2014-2
-- Class A confirmed at AA (sf)
-- Class B confirmed at A (sf)
-- Class C confirmed at BBB (sf)
-- Class D confirmed at BB (sf)
OneMain Financial Issuance Trust 2015-1
-- Class A confirmed at AA (sf)
-- Class B confirmed at A (sf)
-- Class C confirmed at BBB (sf)
-- Class D confirmed at BB (sf)
OneMain Financial Warehouse Trust, Asset-Backed Variable Funding Notes, Series 2015-A
-- Series 2015-A confirmed at A (sf)
Notes:
The applicable methodologies are Rating U.S. Structured Finance Transactions and U.S. Credit Card Asset-Backed Securities, which can be found on our website under Methodologies.
This rating is endorsed by DBRS Ratings Limited for use in the European Union.
Ratings
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.