DBRS Assigns Rating to Laurel Road Servicing Master Trust Series 2018-SA

DBRS, Inc. (DBRS) assigned a rating of BBB (sf) to the Certificates issued by Laurel Road Servicing Master Trust Series 2018-SA. The Certificates evidence an interest in a trust fund that consists of master servicing rights related to certain outstanding student loan securitizations sponsored by Laurel Road Bank. The assigned rating of the Certificates considers the quality of the master servicer or servicer under the related servicing agreements and potential linkage to the performance of the master servicer or servicer.

Notes:
The principal methodology is Rating U.S. Structured Finance Transactions, 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.

Please see the attached appendix for additional information regarding the sensitivity of assumptions used in the rating process.

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