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.