Press Release
DBRS Confirms 30 Ratings on 15 J.G. Wentworth Transactions
OtherDBRS, Inc. (DBRS) confirmed 30 public ratings from 15 U.S. ABS transactions. All of the 30 publicly rated classes reviewed were confirmed as credit enhancement levels are sufficient to cover DBRS’s expected losses at their current respective rating levels.
The following transactions were reviewed:
-- J.G. Wentworth XXIII LLC Fixed Rate Asset-Backed Notes, Series 2011-1
-- J.G. Wentworth XXXIII LLC Fixed Rate Asset-Backed Notes, Series 2014-3
-- J.G. Wentworth XXXIV LLC Fixed Rate Asset-Backed Notes, Series 2015-1
-- J.G. Wentworth XXXV LLC Fixed Rate Asset-Backed Notes, Series 2015-2
-- J.G. Wentworth XXXVI LLC Fixed Rate Asset Backed Notes, Series 2015-3
-- J.G. Wentworth XXXVII LLC Fixed Rate Asset-Backed Notes, Series 2016-1
-- JGWPT XXIV LLC Fixed Rate Asset-Backed Notes, Series 2011-2
-- JGWPT XXV LLC Fixed Rate Asset-Backed Notes, Series 2012-1
-- JGWPT XXVI LLC Fixed Rate Asset-Backed Notes, Series 2012-2
-- JGWPT XXVII LLC Fixed Rate Asset-Backed Notes, Series 2012-3
-- JGWPT XXVIII LLC Fixed Rate Asset-Backed Notes, Series 2013-1
-- JGWPT XXIX LLC Fixed Rate Asset-Backed Notes, Series 2013-2
-- JGWPT XXX LLC Fixed Rate Asset-Backed Notes, Series 2013-3
-- JGWPT XXXI LLC Fixed Rate Asset-Backed Notes, Series 2014-1
-- JGWPT XXXII LLC Fixed Rate Asset-Backed Notes, Series 2014-2
The ratings are based on DBRS’s review of the following analytical considerations:
-- Transaction capital structure, proposed ratings, 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 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.
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
J.G. Wentworth XXIII LLC Fixed Rate Asset-Backed Notes, Series 2011-1
J.G. Wentworth XXXIII LLC Fixed Rate Asset-Backed Notes, Series 2014-3
J.G. Wentworth XXXIV LLC Fixed Rate Asset-Backed Notes, Series 2015-1
J.G. Wentworth XXXV LLC Fixed Rate Asset-Backed Notes, Series 2015-2
J.G. Wentworth XXXVI LLC Fixed Rate Asset Backed Notes, Series 2015-3
J.G. Wentworth XXXVII LLC Fixed Rate Asset-Backed Notes, Series 2016-1
JGWPT XXIV LLC Fixed Rate Asset-Backed Notes, Series 2011-2
JGWPT XXIX LLC Fixed Rate Asset-Backed Notes, Series 2013-2
JGWPT XXV LLC Fixed Rate Asset-Backed Notes, Series 2012-1
JGWPT XXVI LLC Fixed Rate Asset-Backed Notes, Series 2012-2
JGWPT XXVII LLC Fixed Rate Asset-Backed Notes, Series 2012-3
JGWPT XXVIII LLC Fixed Rate Asset-Backed Notes, Series 2013-1
JGWPT XXX LLC Fixed Rate Asset-Backed Notes, Series 2013-3
JGWPT XXXI LLC Fixed Rate Asset-Backed Notes, Series 2014-1
JGWPT XXXII LLC Fixed Rate Asset-Backed Notes, Series 2014-2
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.
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Contacts
Mark Zelmanovich
Senior Vice President - US ABS Ratings, Surveillance
+(1) 212 806 3254
mark.zelmanovich@morningstar.com- Jayce Fox
Senior Vice President, US ABS Surveillance - Global Structured Finance
+1 203 883 5815
jayce.fox@morningstar.com - Jan Buckler
Senior Vice President, Sector Lead - Global Structured Finance Ratings
+(1) 212 806 3925
jan.buckler@morningstar.com