DBRS Confirms Plaza Trust at R-1 (high) (sf)

DBRS has today confirmed the Series 1 Asset-Backed Commercial Paper Notes of Plaza Trust (the Trust) at R-1 (high) (sf). The rating confirmation is pursuant to the increase in the program limit and other amendments made to Transaction 63 in the Trust on June 28, 2013.

As part of DBRS’s ongoing efforts to increase transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS has also released an updated transaction summary report providing details of Transaction 63, which consists of a portfolio of conventional and insured residential mortgages and National Housing Act mortgage-backed securities (NHA-MBS) originated by a mortgage finance company operating in Canada.

Notes:
The applicable methodologies are Rating Canadian Residential Mortgage-Backed Securities (RMBS) 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.