Fitch Ratings affirms and removes from Rating Watch Negative the ‘F1+’ ratings assigned to the asset-backed commercial paper (ABCP) issued by the following Deutsche Bank AG (DBAG) administered conduits:
-Aspen Funding Corp. (Aspen);
-Newport Funding Corp. (Newport).
These rating actions follow Fitch’s affirmation and removal from Rating Watch Negative of DBAG’s ‘F1+’ short-term Issuer Default Rating.
Aspen and Newport are multiseller programs that benefit from both programwide credit enhancement and liquidity coverage available to fund the repayment of all maturing ABCP.
L.D.