DBRS Confirms Storm King Funding at R-1 (high) (sf)

DBRS has today confirmed the Asset-Backed Commercial Paper Notes of Storm King Funding (the Trust) at R-1 (high) (sf). The rating confirmation is pursuant to the inclusion of a new transaction (Transaction 61) in the Trust on April 27, 2012.

As part of DBRS’s ongoing efforts to increase transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS will also release a transaction summary report providing details of Transaction 61, which consists of a portfolio of conventional and insured residential mortgages originated by a mortgage finance company operating in Canada.

Notes:
The applicable methodologies are Rating Canadian Residential Mortgage-Backed Securities (RMBS) Transactions, Rating Canadian ABCP, Legal Criteria for Canadian Structured Finance and Swap Criteria for Canadian Structured Finance Transactions, which can be found on our website under Methodologies.