DBRS Confirms Ridge Trust, Series A Notes at R-1 (high) (sf)

DBRS has confirmed the Series A Notes (the Notes) of Ridge Trust (Ridge or the Trust) at R-1 (high) (sf). The rating confirmation is based on amendments that include the extension of the revolving period of Transaction 11 of the Trust, executed on June 18, 2013.

As part of its ongoing efforts to increase the transparency of its reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS will release a Transaction Summary report providing details of Transaction 11, which consists of a portfolio of program and non-program rental 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 DBRS’s published Rating Canadian Rental Car Securitizations, Rating Canadian ABCP and Legal Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.