DBRS Assigns Provisional Ratings to DRB Prime Student Loan Trust 2016-B

DBRS, Inc. (DBRS) has today assigned provisional ratings to the following classes issued by DRB Prime Student Loan Trust 2016-B:

-- Series 2016-B, Class A-1 rated AA (sf)
-- Series 2016-B, Class A-2 rated AA (sf)
-- Series 2016-B, Class A-3 rated AA (sf)

The DBRS provisional ratings are based on a review of 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.
-- DRB’s capabilities with regards to originations, underwriting and servicing.
-- The ability of the Initial Servicer and Successor Servicer to perform collections on the collateral pool and other required activities.
-- The benefits offered by the existence of the Backup Initial Servicer.
-- The legal structure and legal opinions that 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.

The applicable methodology is Rating U.S. Private Student Loan Securitizations, 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.