DBRS Confirms Ratings on Domain Media LLC
OtherDBRS, Inc. (DBRS) has today confirmed the ratings on the Series A Senior Secured Delayed Draw Notes and the Series B Senior Secured Delayed Draw Notes issued by Domain Media LLC at BBB (sf). The confirmation is based on performance trends and credit enhancement levels are sufficient to cover DBRS’s expected losses at their current respective rating levels.
The ratings are based on DBRS’s review of the following analytical considerations:
-- Transaction capital structure, proposed ratings and form and sufficiency of available credit enhancement.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- The credit quality of the collateral pool and historical performance.
Notes:
All figures are in U.S. dollars unless otherwise noted.
The principal methodology is the DBRS Master U.S. ABS Surveillance Methodology, which can be found on dbrs.com under Methodologies.
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
Ratings
ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.