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

DBRS Limited (DBRS) has today assigned a rating of AA (sf) to the Series 2017-1 Class A Debt Securities issued by Fairstone Financial Issuance Trust I. The Series 2017-1 Class A Debt Securities are backed by a portfolio of consumer loan receivables and sales finance contracts originated by Fairstone Financial Inc.
The rating is assigned at the request of the note purchasers for regulatory purposes.

Notes:
The applicable methodologies are Rating Canadian Structured Finance Transactions (April 2016), Rating Canadian Credit Card and Personal Line of Credit Securitizations (November 2016), Legal Criteria for Canadian Structured Finance (July 2016) and Derivatives Criteria for Canadian Structured Finance (July 2016), which are available on our website under Methodologies.