DBRS Confirms A (sf) Rating on Fairstone Financial Issuance Trust II 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 II:

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

The Series 2017-1 Class A Debt Securities are backed by a portfolio of first- and second-lien uninsured mortgages 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 Residential Mortgages, Home Equity Line of Credit and Reverse Mortgages, Legal Criteria for Canadian Structured Finance and Master Canadian Structured Finance Surveillance, 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.