Press Release

DBRS Confirms Ratings on OneMain Transactions

Consumer Loans & Credit Cards
March 26, 2015

DBRS, 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

  • 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