DBRS Assigns Rating of A (sf) to Fairstone Financial Issuance Trust II Series 2017-1 Class A Debt Securities

DBRS Limited (DBRS) has today assigned a rating of A (sf) to the Series 2017-1 Class A Debt Securities issued by Fairstone Financial Issuance Trust II. The Series 2017-1 Class A Debt Securities are backed by a portfolio of first- and second-lien uninsured mortgages originated by Fairstone Financial Inc.

The rating is assigned at the request of the note purchasers for regulatory purposes.

Notes:
The principal methodologies are Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages (November 2016), Legal Criteria for Canadian Structured Finance (July 2016) and Operational Risk Assessments for Canadian Structured Finance (April 2016), which are available on dbrs.com under Methodologies.

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