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 the extension of an existing transaction (Transaction 14) on October 25, 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 14, which consists of short-term, non-interest-bearing, trade receivables arising from the day-to-day operations of a utilities operator.

Notes:
The applicable methodologies are Rating Canadian Trade Receivables Securitization Transactions (April 2011), Rating Canadian ABCP (September 2012) and Legal Criteria for Canadian Structured Finance (September 2012), which can be found on our website under Methodologies.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.