DBRS Confirms Plaza Trust, Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)

DBRS has today confirmed the Series 1 Asset-Backed Commercial Paper Notes (the Notes) of Plaza Trust (the Trust) at R-1 (high) (sf). The rating confirmation is pursuant to an addition of assets to Transaction 51 of the Trust on March 28, 2013.

As part of DBRS’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS has released an updated transaction summary report providing details of Transaction 51, which consists of a portfolio of automobile and sport utility vehicle (SUV) retail auto loans originated by a captive auto finance company operating in Canada.

Notes:
The applicable methodologies are Rating Canadian Auto Loan 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.

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.