DBRS Confirms OneMain Financial Funding VII, LLC
Consumer Loans & Credit CardsDBRS, Inc. (DBRS) has today confirmed the outstanding Advances rating of OneMain Financial Funding VII, LLC at A (sf). The confirmation is a result of credit enhancement levels being sufficient to cover DBRS’s expected losses at their current respective rating levels.
The DBRS rating is 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.
-- Credit quality of the collateral pool and the historical performance of the Portfolio.
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.
This rating is endorsed by DBRS Ratings Limited for use in the European Union.
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.
Please see attached appendix for additional information regarding sensitivity of assumptions used in the rating process.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
Ratings
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