DBRS Confirms and Discontinues Ratings on Liquidity Agreement Supporting Pool Numbers 362 and 363 within Old Line Funding, LLCABCP
DBRS, Inc. (DBRS) confirmed and subsequently discontinued and withdrew the AAA (sf) ratings on the Liquidity Asset Purchase Agreement Supporting Pool Number 362 and the Liquidity Asset Purchase Agreement Supporting Pool Number 363, dated as of May 9, 2018, by and among Old Line Funding, LLC, a Delaware limited liability company, as Issuer, and Royal Bank of Canada (rated AA (high) with a Stable trend by DBRS) as Purchaser, Liquidity Agent and Agent.
The ratings were 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.
-- The credit quality of the collateral pool and historical performance.
The principal methodologies are Rating and Monitoring 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.
This rating was initiated at the request of the rated entity.
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.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at firstname.lastname@example.org.
140 Broadway, 43rd Floor
New York, NY 10005 USA
ALL DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.