DBRS Confirms and Upgrades Ratings of CCG U.S. ABS Transactions

DBRS, Inc. (DBRS) has today confirmed one class each and upgraded one class each of CCG Receivables Trust 2013-1 and CCG Receivables Trust 2014-1 following a review of the two U.S. structured finance asset-backed securities transactions.

For the ratings that were confirmed, performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their current respective rating levels. For the securities that were upgraded, performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their new respective rating levels.

Notes:
The applicable methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on our website under Methodologies.

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

Please see the attached appendix for additional information regarding the assumptions used in the rating process and related performance which could impact rating sensitivity.

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