DBRS Confirms Storm King Funding at R-1 (high) (sf)

DBRS has confirmed the Asset-Backed Commercial Paper Notes of Storm King Funding at R-1 (high) (sf) following the addition of a new transaction (Transaction 68) on December 17, 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 68, which consists of a portfolio of dealer floorplan receivables supported by an interest in the underlying equipment and parts inventory.

Notes:
All figures are in Canadian dollars unless otherwise noted.

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.

The applicable methodologies are Rating Canadian ABCP (September 2012) and Legal Criteria for Canadian Structured Finance (September 2012), which can be found on our website under Methodologies.