GoTo Foods Funding LLC Series 2024-1 Assigned Rating

GoTo Foods Funding LLC issuance is an ABS transaction backed by a security interest in substantially all of the co-issuers' and guarantors' assets. We assigned our 'BBB (sf)' rating to the class A-2 notes. The rating reflects our view of the transaction's diversified portfolio, highly franchised business model, and liquidity, among other factors. NEW YORK (S&P Global Ratings) Oct. 21, 2024--S&P Global Ratings today assigned its 'BBB (sf)' rating to GoTo Foods Funding LLC's (GoTo's) series 2024-1 class A-2 senior secured notes. The note issuance is an ABS transaction backed by a security interest in substantially all of the co-issuers' and guarantors' assets. The rating reflects our view of: The diversified portfolio of the manager's brands. This diversification among brands

...- GoTo Foods Funding LLC issuance is an ABS transaction backed by a security interest in substantially all of the co-issuers' and guarantors' assets. - We assigned our '### (sf)' rating to the class A-2 notes. - The rating reflects our view of the transaction's diversified portfolio, highly franchised business model, and liquidity, among other factors. NEW YORK (S&P Global Ratings) Oct. 21, 2024--S&P Global Ratings today assigned its '### (sf)' rating to GoTo Foods Funding LLC's (GoTo's) series 2024-1 class A-2 senior secured notes. The note issuance is an ABS transaction backed by a security interest in substantially all of the co-issuers' and guarantors' assets. The rating reflects our view of: - The diversified portfolio of the manager's brands. This diversification among brands and across regions provides a wide range of meal options to consumers, which may result in greater average unit volume and unit count stability as a whole in future economic downturns. - The replaceable manager....

Ratings Action