DBRS Confirms Commercial Paper Ratings of Versailles Assets LLC and Versailles Commercial Paper LLC

DBRS, Inc. (DBRS) has today confirmed the R-1 (middle) (sf) ratings on the 4(2) Commercial Paper notes issued by Versailles Assets LLC (Versailles Assets) and Versailles Commercial Paper LLC (Versailles CP), sponsored by Natixis Financial Products Inc. (Natixis).

The ratings are based upon review of the Versailles Assets and Versailles CP transaction portfolios, liquidity support and the Program Wide Credit Enhancement, among other information, in order to confirm the comprehensive risk profiles.

The sources of information used for this rating include parties involved in the rating, including but not limited to Versailles Assets, Versailles CP and Natixis. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

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

The applicable methodology is the Asset-Backed Commercial Paper Criteria Report: U.S. & European ABCP Conduits, which can be found on our website under Methodologies.

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