J.G. Wentworth LII, LLC, Series 2022-C1: Rating Report
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Summary
DBRS, Inc. (DBRS Morningstar) assigned a rating to the Fixed Rate Asset Backed Notes, Series 2022-C1 (Series 2022-C1) issued by J.G. Wentworth LII, LLC as listed. This transaction represents the 15th, since 2019, outstanding variable funding or term asset-backed securitization that is rated by DBRS Morningstar and sponsored by J.G. Wentworth, LLC (together with its affiliates, the Company) and the first and final term takeout for the Variable Rate Asset Backed Variable Funding Notes, Series 2022-C (Series 2022-C). The Series 2022-C1 collateral pool comprises guaranteed structured settlements, guaranteed fixed premium immediate annuities, and lottery receivables purchased by the Company.