DBRS Confirms Ratings on Natixis S.A. Trade Receivables Transactions

DBRS, Inc. (DBRS) has today confirmed four ratings on three trade receivables transactions administered by Natixis S.A. as follows:

-- FCT Mercury Class C1 & C2 Units at A (low) (sf)
-- FCT Point P Class A3 Units at AA (sf)
-- FCT Point P Class B3 Units at AA (sf)
-- FCT Tresobat Class B Senior Units at A (sf)

The ratings address the timely payments of interest and ultimate payments of principal. The confirmation of the ratings reflect the ongoing performance of the trade receivables transactions.

The sources of information used for these ratings include, but are not limited to, FCT Mercury, FCT Point P, FCT Tresobat and Natixis S.A. DBRS considers the information available to it for the purposes of providing these ratings to be of satisfactory quality.

Notes:
The applicable principal methodology is Trade Receivables, which can be found on our website under Methodologies.

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

This rating was not initiated at the request of the rated entity.

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.

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