DBRS Confirms Thur River Funding, LLC

DBRS, Inc. (DBRS) confirmed Thur River Funding, LLC’s Advances at AA (sf). Performance trends relating to the securities that were confirmed were such that credit enhancement levels were sufficient to cover DBRS’s expected losses at the respective rating level.

The rating is based on DBRS’s review of the following analytical considerations:

-- Transaction capital structure, proposed rating 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 dbrs.com under Methodologies.

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

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

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