DBRS Upgrades Ratings of Earnest Student Loan Program 2016-A LLC
Student LoansDBRS, Inc. (DBRS) upgraded the ratings of the Class A-1, Class A-2 and Class B Notes issued by the Earnest Student Loan Program 2016-A LLC U.S. ABS transaction. Performance and revised loss expectations for the reviewed securities are such that credit enhancement levels are sufficient to cover DBRS’s loss expectations at their respective rating levels. Original loss expectancies were revised based upon historical performance observations of proxy data.
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:
These ratings are endorsed by DBRS Ratings Limited for use in the European Union.
All figures are in U.S. dollars unless otherwise noted.
The principal methodology is 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.
Please see the related appendix for additional information regarding the sensitivity of assumptions used in the rating process.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
Ratings
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