DBRS Confirms Ratings on Liquidity Agreements Supporting Transactions Within GIFS Capital Company LLC

DBRS, Inc. (DBRS) has confirmed its ratings on the following liquidity instruments, pursuant to the Liquidity Agreements supporting GIFS Capital Company, LLC. The ratings address the timely distribution of scheduled monthly interest payments and the ultimate distribution of principal in accordance with the transaction documents.

-- GIFS Capital Company, LLC - RNAR at AAA (sf)
-- GIFS Capital Company, LLC - LNAR at AA (sf)
-- GIFS Capital Company, LLC - WHAR at AA (sf)
-- GIFS Capital Company, LLC - RNAF at A (sf)
-- GIFS Capital Company, LLC - LNAF at A (sf)
-- GIFS Capital Company, LLC - WHAF at AA (sf)

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

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

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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