DBRS Releases November Canadian Securitization Market Overview Report

DBRS has today released the Monthly Canadian Securitization Market Overview Report for the month ended November 30, 2008. The report provides an overview of the total Canadian securitization market, which includes asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), asset-backed commercial paper (ABCP), term matched floating-rate notes (FRNs) and Affected ABCP.

As of November 30, 2008, total notes outstanding in the Canadian securitization market were $139.0 billion. Total debts issued by Non-Affected Trusts were $105.6 billion, which includes $51.7 billion of term ABS and CMBS notes, as well as $53.9 billion of ABCP, which was composed of $53.6 billion of commercial paper and $0.3 billion of medium-term notes. FRNs issued by Term Matched Trusts were $854.2 million and ABCP outstanding in Affected Trusts totaled $32.5 billion.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The total amount of outstanding FRNs issued by Superior Trust (the Trust) is from the Trust’s December 2008 report, as the November totals were not available from the conduit administrator.