DBRS Confirms Ratings on Versailles Assets LLC and Versailles Commercial Paper LLC

DBRS, Inc. (DBRS) has today confirmed the R-1 (middle) (sf) ratings on the 4(2) Commercial Paper issued by Versailles Assets LLC (Versailles Assets) and Versailles Commercial Paper LLC (Versailles CP), sponsored by Natixis Financial Products Inc. (Natixis).

The ratings are based on a surveillance committee reviewing Versailles Assets’ and Versailles CP’s portfolio of transactions, liquidity support and its Program Wide Credit Enhancement in order to confirm its comprehensive risk profile.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is the Asset-Backed Commercial Paper Criteria Report: U.S. & European ABCP Conduits, which can be found on our website under Methodologies.

The sources of information used for this rating include parties involved in the rating, including but not limited to Natixis. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

The 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.