In 2023, S&P Global Ratings rated six new transactions issued by DB Master Finance LLC, Arby's Funding LLC, Applebee’s Funding LLC/IHOP Funding LLC, GoTo Foods Funding LLC, and Five Guys Funding LLC. Also, in 2023 we raised ratings on the notes from one issuer and affirmed all of the ratings on notes for three issuers. So far in 2024, S&P Global Ratings rated three new transactions issued by Servpro Master Issuer LLC, SEB Funding LLC, and Hardee's Funding LLC/Carl's Jr. Funding LLC.