DBRS Confirms Plaza Trust at R-1 (high)

DBRS has today confirmed the Series 1 Asset-Backed Commercial Paper Notes (the Notes) of Plaza Trust (Plaza or the Trust) at R-1 (high). The rating confirmation is based on the addition of a new transaction (Transaction 51) to the Trust on June 21, 2010.

As part of DBRS’s ongoing efforts to increase the transparency of reporting surrounding asset-backed commercial paper (ABCP) conduit activity, DBRS has today released a Transaction Summary report providing details of Transaction 51, which consists of a portfolio of consumer retail auto loans of passenger automobile and sport utility vehicles originated by a major captive auto finance company.

Notes:
The applicable methodology is Rating Canadian Auto Loan Securitization, which can be found on our website under Methodologies.