DBRS Discontinues Rating on Energy Funding LLC

DBRS, Inc. (DBRS) discontinued the rating on the Loans issued by Energy Funding LLC (the Issuer), pursuant to the Credit Agreement dated as at July 11, 2013. The rating action reflects the repayment in full of the outstanding Loans.

The rating addressed the Issuer’s ability to make timely payments of interest and ultimate payment of principal on the Loans on or before the Stated Maturity. The Loans were collateralized by a portfolio of mostly senior-secured middle-market corporate loans and other corporate obligations. The Issuer was managed by FS Energy & Power Fund (the Collateral Manager), a business development company set up by FS Investment Advisor, LLC (the Investment Advisor) and GSO Capital Partners (the Sub-Advisor).

Notes:
The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on dbrs.com under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

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.

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