DBRS Confirms Merit Trust, Zeus Receivables Trust & Prime Trust at R-1 (high) (sf)

DBRS has confirmed the Asset-Backed Commercial Paper Notes (the Notes) of Merit Trust, Zeus Receivables Trust and Prime Trust (the ABCP Issuing Conduits) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction (Transaction 59) to the ABCP Issuing Conduits on September 30, 2011.

As part of DBRS’s ongoing efforts to increase the transparency of reporting ABCP conduit activity, DBRS has today released a Transaction Summary report providing details of Transaction 59, which consists of a portfolio of consumer retail auto leases of automobiles and SUVs originated by an auto finance company operating in Canada.

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