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

DBRS has today confirmed the Fusion Trust, Series A, Class A Notes at R-1 (high) (sf). The rating confirmation is based on a one-year extension to Transaction 4 made on June 30, 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 4, which consists of a portfolio of fixed- and floating-rate retail loan contracts, secured by new and used cars and light trucks, originated by a Canadian credit union.

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 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.