DBRS Confirms Ratings of J.G. Wentworth XXXVIII LLC Fixed Rate Asset-Backed Notes, Series 2017-1

DBRS, Inc. (DBRS) confirmed the ratings of the Class A Notes and Class B Notes (together, the Notes) issued by J.G. Wentworth XXXVIII LLC Fixed Rate Asset-Backed Notes, Series 2017-1, a U.S. structured finance asset-backed security transaction, at AAA (sf) and BBB (sf), respectively. Performance trends for the confirmed securities are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at the Notes’ current respective rating levels.

The ratings are based on DBRS’s review of the following analytical considerations:
-- Transaction capital structure, proposed ratings and form and sufficiency of available credit enhancement.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- The credit quality of the collateral pool and historical performance.

Notes:
The principal methodology is 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.

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

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