DBRS Assigns Ratings to A10 Permanent Asset Financing 2015-I, LLC

DBRS, Inc. (DBRS) has assigned a rating, as of March 1, 2016, to A10 Permanent Asset Financing 2015-I, LLC, as defined below:

-- Class A Notes at AAA (sf)

Additionally, the classes listed below are confirmed as of March 1, 2016.

-- Class B Notes at A (low) (sf)
-- Class C Notes at BBB (low) (sf)

To assign ratings to the Class A, Class B and Class C Notes, DBRS used its static CMBS methodology to construct a worst-case pool based on concentration limits and eligibility requirements, as defined in the trust indenture as it relates to the minimum subordination requirements, including amendments for each class. In addition, DBRS reviewed the largest loans contributing to the trust to date. The trust is expected to be fully funded within six months of the closing date, which was November 3, 2015.

The ratings assigned by DBRS contemplate timely payments of distributable interest and ultimate payment of principal by the legal final maturity in December 2049.

Notes:
The applicable methodologies are North American CMBS Rating Methodology and Legal Criteria for U.S. Structured Finance, which can be found on our website under Methodologies.

This rating did not include issuer participation and is based solely on publicly available information.

This 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.