DBRS Discontinues Ratings on ABPCI Direct Lending Funding II LLC

DBRS, Inc. (DBRS) has today discontinued the ratings on the Class A-R Loans, Class A-T Loans and the Class B Loans (collectively, the Loans) issued by ABPCI Direct Lending Funding II LLC (ABPCI Funding II) pursuant to the Credit Agreement dated January 28, 2016, among ABPCI Funding II as Borrower; Natixis, New York Branch as Administrative Agent; U.S. Bank National Association as Collateral Agent; and the Lenders thereto.

The discontinuation reflects the payment in full of the Loans.

The ratings on the Class A-R Loans and Class A-T Loans addressed the timely payment of interest and ultimate payment of principal on or before the Stated Maturity (as defined in the Credit Agreement referred to above). The rating on the Class B Loans addressed the ultimate payment of interest and ultimate payment of principal on or before the Stated Maturity (as defined in the Credit Agreement referred to above).

Notes:
The principal methodology is Rating CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

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