DBRS Confirms, Withdraws Rating on CAN Capital Funding LLC Series 2014-1, Class B

DBRS, Inc. (DBRS) confirmed and subsequently discontinued and withdrew the rating of C (sf) on the Series 2014-1 Notes, Class B issued by CAN Capital Funding LLC. The Series 2014-1 Notes, Class B has continued to receive interest payments and has not yet reached its Legal Final Payment Date. However, the ability of the transaction to keep its interest obligations current and to fully retire its debt on or before its Legal Final Payment Date are uncertain. The rating was discontinued and withdrawn for commercial reasons unrelated to credit considerations.

The confirmation of the rating was based on DBRS’s review of the performance of the collateral supporting the Series 2014-1 Notes, Class B and applicable analytical considerations as set forth in the principal methodology.

Notes:
The principal methodology is the 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 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.

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