FOCUS Brands Funding LLC Series 2023-2 Notes Assigned Preliminary Rating

FOCUS Brands Funding LLC's issuance is an ABS securitization backed by a security interest in substantially all of the co-issuer's guarantors' assets. We assigned our preliminary rating to the class A-2 notes. The preliminary rating reflects our view of the transaction's diversified portfolio and liquidity, among other factors. NEW YORK (S&P Global Ratings) Nov. 9, 2023--S&P Global Ratings today assigned its preliminary 'BBB (sf)' rating to FOCUS Brands Funding LLC's series 2023-2 class A-2 senior secured notes. The note issuance is an ABS securitization backed by a security interest in substantially all of the co-issuer's guarantors' assets. The preliminary rating is based on information as of Nov. 9, 2023. Subsequent information may result in the assignment of final ratings that

...- FOCUS Brands Funding LLC's issuance is an ABS securitization backed by a security interest in substantially all of the co-issuer's guarantors' assets. - We assigned our preliminary rating to the class A-2 notes. - The preliminary rating reflects our view of the transaction's diversified portfolio and liquidity, among other factors. NEW YORK (S&P Global Ratings) Nov. 9, 2023--S&P Global Ratings today assigned its preliminary '### (sf)' rating to FOCUS Brands Funding LLC's series 2023-2 class A-2 senior secured notes. The note issuance is an ABS securitization backed by a security interest in substantially all of the co-issuer's guarantors' assets. The preliminary rating is based on information as of Nov. 9, 2023. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary rating reflects our view of: - The diversified portfolio of the manager's brands. This diversification among brands and across regions provides a wide...

Ratings Action