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

DBRS has today confirmed the Asset-Backed Commercial Paper Notes of Canadian Master Trust (CMT) and Ridge Trust (Ridge) at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction to CMT (Transaction 15) and Ridge (Transaction 17) on October 24, 2011.

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 the above-mentioned transaction, which consists of a portfolio of consumer retail auto loans of automobiles, sport-utility vehicles and light trucks originated by an auto finance company operating in Canada.

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

The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.