DBRS Upgrades 325 Million Facility Issued by Quinten Road Funding LLC to A (high) (sf)

DBRS has today upgraded the $325 Million Facility (the Facility) issued by Quinten Road Funding LLC to A (high) (sf) from BBB (sf). The Facility is collateralized by a portfolio of U.S. high-yield corporate loans. The DBRS rating addresses Quinten Road Funding LLC’s ability to make timely payments of interest and full payment of principal on or before the Facility’s legal maturity date.

The upgrade reflects significant pay-down of the Facility since the time of our last review on April 30, 2010.

The principal methodology is Rating Global High-Yield Loan Securitizations, Structured Loans and Tranched Credit Derivatives, which can be found on our website under Methodologies.

Notes:
All figures are in U.S. dollars unless otherwise noted.