DBRS Finalizes Provisional Ratings on SoFi Professional Loan Program 2016-A LLC

DBRS, Inc. (DBRS) has today finalized its provisional ratings on the following Post-Graduate Loan Asset-Backed Notes issued by SoFi Professional Loan Program 2016-A LLC:

-- Class A-1 rated AAA (sf)
-- Class A-2 rated AAA (sf)
-- Class B rated BBB (high) (sf)

The finalized 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:
Please see the attached appendix for additional information regarding sensitivity of assumptions used in the rating process.

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.

The full report providing additional analytical detail is available by clicking on the link or by contacting us at info@dbrs.com.