DBRS Discontinues Liquidity Instrument Rating Supporting Transaction TELF within Mountcliff Funding LLC

DBRS, Inc. (DBRS) discontinued the rating of A (low) (sf) on the liquidity instrument, pursuant to the Liquidity Agreement supporting the TELF transaction within Mountcliff Funding LLC. This discontinuation reflects the full and timely repayment of the interest and principal, in accordance with the transaction documentation. The sources of information used for this rating include parties involved in the rating, including, but not limited to, Credit Suisse.

Notes:
The principal methodology is Asset-Backed Commercial Paper Criteria Report: U.S. ABCP Conduits, 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 not participate in the rating process. DBRS did not have access to the accounts and other relevant internal documents of the rated entity or its related entities.