DBRS Discontinues Rating on GAF-Liquidity Agreement within Mountcliff Funding LLC

DBRS, Inc. (DBRS) has discontinued the rating of AA (sf) on the liquidity instrument, pursuant to the Liquidity Agreement supporting the GAF transaction within Mountcliff Funding LLC. This rating action reflects the full and timely repayment of interest and principal in accordance with the transaction documentation and pursuant to the Termination Agreement dated as of September 23, 2016.

Notes:
The applicable methodologies are Asset Backed Commercial Paper Criteria Report: U.S. ABCP Conduits and Rating U.S. Wholesale Securitizations, which can be found on our website under Methodologies.

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