DBRS Confirms Rating of Liquidity Agreement – SL3 within GIFS Capital Company, LLC

DBRS, Inc. (DBRS) confirmed the rating of AAA (sf) of the Liquidity Instrument pursuant to the Liquidity Agreement – SL3 within GIFS Capital Company, 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.

The sources of information used for this rating include parties involved in the rating, including, but not limited to, Credit Suisse AG.

Notes:
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.

The principal methodologies are Asset-Backed Commercial Paper Criteria Report: U.S. ABCP Conduits and DBRS Master U.S. ABS Surveillance Methodology, which can be found on dbrs.com under Methodologies & Criteria.

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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