Date of Release: 2009-07-02

CFH Funding LLC

DBRS Upgrades the Liquidity Loan Agreement related to CFH Funding LLC

DBRS has today upgraded the individual liquidity loan agreement (LLA) executed as of May 1, 2009 related to the CFH Funding LLC to AAA from a rating of AA originally issued on July 18 2008. CFH Funding LLC is one of the transactions in Versailles, a commercial paper conduit sponsored and administered by Natixis Financial Products Inc.
The upgrade is the result of the improved credit enhancement reserves. The review of this transaction is based on information provided as of June 30, 2009.

Notes:

The applicable public methodology is Trade Receivable Securitization Methodology, which can be found on our website under Methodologies. DBRS has also applied appropriate U.S. market-specific trade receivables standards to arrive at this rating.

This is a Structured Finance rating.

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

Related Research

• Trade Receivable Securitization Methodology