DBRS Confirms Ratings on Liquidity Agreements Supporting GIFS Capital Company, LLC Transactions

DBRS, Inc. has today confirmed its ratings on the following Liquidity Agreements supporting GIFS Capital Company, LLC:

-- Liquidity Agreement - RNAR at AAA (sf)
-- Liquidity Agreement - LNAR at AA (sf)
-- Liquidity Agreement - WHAR at AA (sf)
-- Liquidity Agreement - RNAF at A (sf)
-- Liquidity Agreement - LNAF at A (sf)
-- Liquidity Agreement - WHAF at AA (sf)

The ratings address the timely distribution of scheduled monthly interest payments and the ultimate distribution of principal in accordance with the transaction documents.

Notes:
The principal methodology is Asset-Backed Commercial Paper Criteria Report: U.S. ABCP Conduits, 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.