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

DBRS has confirmed the Series A, Class A Notes of Fusion Trust at R-1 (high) (sf). The rating confirmation is based on a one-year extension to a current transaction (Transaction 4) on June 30, 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 a transaction summary report providing details of Transaction 4, which consists of a portfolio of fixed- and floating-rate retail loan contracts secured by new and used cars and light trucks originated by a Canadian credit union.

Notes:
The applicable methodologies are Rating Canadian Auto Loan Securitizations (January 2012), Rating Canadian ABCP (April 2011), Legal Criteria for Canadian Structured Finance (November 2010) and Swap Criteria for Canadian Structured Finance Transactions (November 2010), which can be found on our website under Methodologies.