DBRS Assigns Rating to A10 Permanent Asset Financing 2017-II, LLC

DBRS, Inc. (DBRS) assigned a AAA (sf) rating to the Class A Notes of A10 Permanent Asset Financing 2017-II, LLC.

DBRS constructed a worst-case pool based on concentration limits and eligibility requirements as defined in the trust indenture as it relates to the minimum subordination requirements for each class to assign a rating to the Class A Notes. In addition, DBRS reviewed the loans contributed to the trust to date. The trust is expected to be fully funded within six months of the closing date, which was June 9, 2017.

The ratings assigned by DBRS contemplate timely payments of distributable interest and ultimate payment of principal by the legal final maturity in June 2051.

Notes:
With regard to due diligence services, DBRS was not provided with the Form ABS Due Diligence-15E (Form-15E), which contains the description of the information that the third party reviewed in conducting the due diligence services and a summary of the findings and conclusions.

The principal methodology is the North American CMBS Multi-borrower Rating 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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.