DBRS Assigns Rating to AT&T Receivables Funding, LLC March 27, 2015, Investment

DBRS, Inc. (DBRS) has today assigned an A (sf) rating to the March 27, 2015, Investment (the Investment) and defined yield created under the Receivables Purchase Agreement dated 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, and 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 March 27, 2015, Investment has been categorized under Debt Rated in the Rating table below.

The applicable methodology is Rating U.S. Structured Finance Transactions (December 2014), including the appendix related to rating U.S. Consumer Loan ABS Transactions, which can be found on our website under Methodologies.

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.