DBRS Assigns Provisional Ratings to SoFi Professional Loan Program 2015-D LLC

DBRS, Inc. (DBRS) has today assigned provisional ratings to the following classes issued by SoFi Professional Loan Program 2015-D LLC:

-- Series 2015-D, Class A-1 rated AAA (sf)
-- Series 2015-D, Class A-2 rated AAA (sf)
-- Series 2015-D, Class B rated BBB (high) (sf)

The provisional ratings are based on a review by DBRS of the following analytical considerations:

-- The transaction’s form and sufficiency of available credit enhancement.
-- The quality and credit characteristics of the student loan borrowers.
-- Structural features of the transaction that require the Class A Notes to enter into full turbo principal amortization if certain performance triggers are breached or if credit enhancement deteriorates.
-- The experience, underwriting and origination capabilities of SoFi.
-- The ability of the Servicer to perform collections on the collateral pool and other required activities.
-- The legal structure and expected legal opinions that will address the true sale of the student loans, the non-consolidation of the trust and that the trust has a valid first-priority security interest in the assets, and the consistency with the DBRS Legal Criteria for U.S. Structured Finance methodology.

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

These ratings are endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating U.S. Private Student Loan Securitizations, which can be found on our website under Methodologies.