DBRS Confirms Canadian Master Trust’s Series A Notes at R-1 (high) (sf)

DBRS has today confirmed the Series A Notes (the Notes) of Canadian Master Trust (the Trust) at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction (Transaction 21) to the Trust on April 15, 2013.

As part of DBRS’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS has released a Transaction Summary report providing details of Transaction 21, which consists of a portfolio of primarily open-end lease receivables, financing fleets of individual cars, trucks and equipment.

Notes:
The applicable methodologies are Rating Canadian Auto Fleet Lease Transactions, 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.