DBRS Confirms AA (sf) Rating on Fairstone Financial Issuance Trust I Series 2017-1 Class A Debt Securities

DBRS Limited (DBRS) confirmed the following rating on the Class A Debt Securities issued by Fairstone Financial Issuance Trust I:

-- Series 2017-1 Class A Debt Securities at AA (sf)

The Series 2017-1 Class A Debt Securities are backed by a portfolio of consumer loan receivables and sales finance contracts originated by Fairstone Financial Inc.

The rating was assigned at the request of the note purchasers for regulatory purposes.

Notes:
The principal methodologies are Rating Canadian Credit Card and Line of Credit Securitizations, Rating Canadian Structured Finance Transactions – Consumer Loans Appendix Home Equity Line of Credit and Reverse Mortgages, Legal Criteria for Canadian Structured Finance, Master Canadian Structured Finance Surveillance and Derivatives Criteria for Canadian Structured Finance, which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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info@dbrs.com.