DBRS Assigns Rating to the Obligations of BCC Funding XII LLC under the Loan and Servicing Agreement

DBRS, Inc. (DBRS) has assigned a rating of A (sf) to the obligations of BCC Funding XII LLC (the Borrower) under the Loan and Servicing Agreement dated as of March 11, 2016 (the Agreement). The aggregate commitment amount under the Agreement is $100,000,000. The assets securing the obligations of the Borrower comprise a pool of equipment lease contracts and related collateral.

The rating is based on a review by DBRS of the following analytical considerations:
-- Sufficiency of the available credit enhancement to withstand cash flow modeling stresses commensurate with an “A” rating.
-- Track record and experience of the originator and servicer and its management team.
-- Characteristics of the collateral pool.
-- Structural provisions available in the transaction.

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

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

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

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