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

DBRS has confirmed the Series 1 Asset-Backed Commercial Paper Notes of Plaza Trust at R-1 (high) (sf). The rating confirmation is based on amendments, including changes to the asset eligibility criteria and the extension of Plaza Trust’s commitment term, made to a current transaction (Transaction 56) on March 19, 2012.

As part of DBRS’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS has today released an updated transaction summary report providing details of Transaction 56, which consists of a portfolio of retail auto loans and dealer floorplan receivables.

Notes:
The applicable methodologies are Rating Canadian Auto Loan Securitizations, Rating Canadian Auto Lease Securitizations, Rating Canadian Floorplan Securitizations, Rating Canadian ABCP, Legal Criteria for Canadian Structured Finance, Swap Criteria for Canadian Structured Finance Transactions and The DBRS Approach to Rating Canadian ABCP Supported by Enhanced Liquidity, which can be found on our website under Methodologies.