DB Master Finance LLC's series 2019-1 issuance is backed by franchise royalty and license payments, securitization intellectual property, other licensing payments, franchisee lease payments, and certain fee-owned properties, among other things. We assigned our ratings to the series 2019-1 class A-1, A-2-I, A-2-II, and A-2-III notes. At the same time, we affirmed our ratings on the series 2017-1 class A-2-I and A-2-II notes. The ratings reflect our view of the transaction's structure, projected cash flows, and strength of the Dunkin' Donuts and Baskin-Robbins brands, among other factors. NEW YORK (S&P Global Ratings) April 30, 2019--S&P Global Ratings today its assigned ratings to DB Master Finance LLC's series 2019-1 notes. At the same time, we affirmed our ratings on the series 2017-1 class A-2-I and A-2-II notes (see list). The note issuance is backed by franchise royalty and license payments, securitization intellectual property, other lice
