DBRS Confirms Purchasing Power Funding 2018-A, LLC

DBRS, Inc. (DBRS) confirmed the four outstanding ratings from Purchasing Power Funding 2018-A, LLC. The confirmations are the result of performance trends and credit enhancement levels being sufficient to cover DBRS’s expected losses at their 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 https://www.dbrs.com/methodology under Methodologies & Criteria.

The rated entity or its related entities did not participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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

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

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