DBRS Assigns Ratings to BFS Funding I Limited Variable Funding Notes

DBRS, Inc. (DBRS) has today assigned ratings of AA (sf) to the three Variable Funding Notes issued by BFS Funding I Limited (the Issuer). This transaction is multi-currency and is backed by trade receivables that were reviewed for their ability to perform within certain thresholds for loss reserves, carrying costs and dilution, as well as other factors specific to the trade receivables portfolio.

Notes:
The principal methodologies is Trade Receivables, which can be found on our website under Methodologies.

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