DBRS Takes Rating Action on SoFi Funding PL V LLC

DBRS, Inc. (DBRS) confirmed SoFi Funding PL V LLC’s Class 1A Notes at AA (sf) and Class 1B Notes at A (sf). Performance trends relating to the securities confirmed were such that credit enhancement levels were sufficient to cover DBRS’s expected losses at their 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:
All figures are in U.S. dollars unless otherwise noted.

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. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.