Press Release|ABS

KBRA Withdraws the Ratings on RFS Asset Securitization II LLC

16 Aug 2024   |   New York

Contacts

KBRA withdraws the ratings on all outstanding classes of notes related to the Series 2021-1 and Series 2022-1 issued by RFS Asset Securitization II LLC (the “Issuer”). Series 2021-1 (RFS 2021-1) closed on July 28, 2021 and Series 2022-1 (RFS 2022-1) closed on June 29, 2022. At closing, both RFS 2021-1 and RFS 2022-1 had five classes of notes each totaling $100.00 million. This action reflects Rapid Financial Services, LLC’s (“RFS”) decision to exercise the optional redemption of all outstanding notes pursuant to the Indenture Supplements.

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Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1005566

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