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

DBRS has 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 amendments made to an existing transaction (Transaction 11) to the Trust on June 8, 2012.

As part of DBRS’s ongoing efforts to increase the transparency of reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS has released a transaction summary report providing details of Transaction 11, which consists of a portfolio of program and non-program rental vehicles.

Notes:
The applicable methodology is DBRS’s published Rating Canadian Rental Car Securitizations Methodology, which can be found on our website under Methodologies.