DBRS Takes Rating Actions on SoFi Professional Loan Program

DBRS, Inc. (DBRS) reviewed 35 outstanding ratings from 11 SoFi Professional Loan Program transactions. Of the 35 outstanding publicly rated classes reviewed, 31 were confirmed, one was upgraded and three were discontinued due to repayment. For the upgraded note performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their current rating levels. For the notes that were confirmed, performance trends are such that credit enhancement levels are sufficient to cover DBRS’s expected losses at their current rating levels.

The ratings are based on DBRS’s review of the following analytical considerations:

-- Transaction capital structure, proposed ratings and form and sufficiency of available credit enhancement.
-- The transaction parties’ capabilities with regard to origination, underwriting and servicing.
-- 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 & Criteria.

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.

Please see the related appendix for additional information regarding the sensitivity of assumptions used in the rating process.

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

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