DBRS Confirms and Withdraws Rating to Credit Suisse AG Liquidity Instrument Pursuant to Liquidity Agreement – AFL Within GIFS Capital Company, LLC

DBRS, Inc. (DBRS) confirmed and withdrew the rating of BBB (high) (sf) on the Liquidity Instrument pursuant to the Liquidity Agreement supporting the AFL transaction within GIFS Capital Company, LLC.

The confirmation of the rating assumed that the Liquidity Agreement had been invoked and, as such, the Liquidity Institution was the investor of the notes secured by a revolving pool of commercial aircraft and aircraft lease securitizations. The withdrawal of the rating is at the request of the issuer.

The sources of information used for this rating include parties involved in the rating, including but not limited to, Credit Suisse.

Notes:
The principal methodologies are the Asset-Backed Commercial Paper Criteria Report: U.S. ABCP Conduits, Rating Pooled Aircraft Lease Securitizations and the 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 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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