DBRS Confirms and Withdraws the Rating on OneMain Financial Auto Funding I, LLC at A (sf)
AutoDBRS, Inc. (DBRS) confirmed and withdrew the rating on the Facility issued by OneMain Financial Auto Funding I, LLC (the Issuer) at A (sf). Performance trends relating to the security that was confirmed were such that credit enhancement levels were sufficient to cover DBRS’s expected losses at its current rating level. The rating of the Notes was withdrawn at the request of the Issuer.
The rating is 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 & Criteria.
The rated entity or its related entities did not 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.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
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