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

DBRS has today confirmed the Series A, Class A Notes of Fusion Trust (the Trust) at R-1 (high) (sf). The rating confirmation is based on amendments made to Transaction 14 of the Trust on August 3, 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 an updated transaction summary report providing details of Transaction 14, which consists of a portfolio of open-end and closed-end lease receivables, financing fleets of individual cars, trucks and equipment.

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