DBRS Confirms Zeus Receivables Trust at R-1 (high) (sf)

DBRS has confirmed the Senior Short-Term Asset-Backed Notes of Zeus Receivables Trust (the Trust) at R-1 (high) (sf). The rating confirmation is based on the purchase of additional assets in respect of Transaction 36 on December 19, 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 36, which consists of a portfolio of open-ended lease receivables, financing fleets of cars, trucks and equipment.

Notes:
The applicable methodologies are Rating Canadian Auto Fleet Lease Transactions (May 2011), Rating Canadian ABCP (April 2011), Legal Criteria for Canadian Structured Finance (September 2012) and Hedge Counterparty Criteria for Canadian Structured Finance Transactions (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.

The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.