DBRS Confirms Ridge Trust at R-1 (high) (sf)

DBRS has today confirmed the Series A Notes (the Notes) of Ridge Trust (Ridge or the Trust) at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction (Transaction 9) to the Trust on December 17, 2010.

As part of DBRS’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS has today released a Transaction Summary report providing details of Transaction 9, which consists of a portfolio of retail loan contracts secured by new and used agricultural and construction equipment originated by an equipment finance company operating in Canada.

Notes:
The applicable methodologies are Rating Canadian Equipment Finance Securitization, Legal Criteria for Canadian Structured Finance and Swap Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.