DBRS Confirms Storm King Funding, Asset-Backed Commercial Paper Notes at R-1 (high) (sf)

DBRS has today confirmed the Asset-Backed Commercial Paper Notes of Storm King Funding (the Trust) at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction (Transaction 66) to the Trust on February 11, 2013.

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 66, which consists of a portfolio of fixed-rate retail lease contracts secured by new and used automobiles and sport utility vehicles.

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 Auto Lease Securitizations, Rating Canadian ABCP, Legal Criteria for Canadian Structured Finance and Hedge Counterparty Criteria for Canadian Structured Finance Transactions, which can be found on our website under Methodologies.