OREANDA-NEWS. Fitch Ratings says NewDay Funding's notes' ratings will not be affected by the increase of the Series 2015-VFN commitment amount to GBP300m from GBP250m.

Fitch has analysed the potential impact of this increase on the transaction and has concluded that there is no impact on the ratings.

The increase in commitment amount is effective 16 November 2015. From this date, the trust structure will be as follows:

Series 2015-VFN commitment: increased to GBP300.0m from GBP250.0m
Series 2015-1 A note balance: unchanged at GBP147.3m
Series 2015-1 B note balance: unchanged at GBP21.6m
Series 2015-1 C note balance: unchanged at GBP31.8m
Series 2015-1 D note balance: unchanged at GBP44.1m
Series 2015-1 E note balance: unchanged at GBP22.8m
Series 2015-1 F note balance: unchanged at GBP15.3m

The transaction is a securitisation of UK non-prime credit card receivables originated by NewDay Ltd.

Further transaction research is available at www.fitchratings.com.