DBRS Confirms Rating on MARLF-Liquidity Agreement within Mountcliff Funding LLC

DBRS, Inc. (DBRS) confirmed its rating of AA (sf) on the MARLF-Liquidity Agreement within Mountcliff Funding LLC. The rating assumes that the Liquidity Agreement has been invoked and, as such, the liquidity institution is the investor of the notes. The rating addresses the timely distribution of scheduled monthly interest payments and the ultimate distribution of principal in accordance with the transaction documents.

Notes:
The principal methodologies are Asset-Backed Commercial Paper Criteria Report: U.S. ABCP Conduits and DBRS Master U.S. 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.

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