DBRS Confirms Merit Trust, Prime Trust and Zeus Receivables Trust at R-1 (high) (sf)

DBRS has today confirmed the asset-backed commercial paper (ABCP) notes of Merit Trust, Prime Trust and Zeus Receivables Trust at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction (Transaction 66) to the conduits on January 14, 2013.

As part of DBRS’s ongoing efforts to increase the transparency of reporting ABCP conduit activity, DBRS has today released a transaction summary report providing details of Transaction 66, which consists of short-term, non-interest-bearing, trade receivables arising from the day-to-day operations of a communications company.

Notes:
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 Trade Receivables Securitization Transactions, Rating Canadian ABCP and Legal Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.