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

DBRS has confirmed the Plaza Trust, Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf). The rating confirmation is based on a one-year extension made to Transaction 62 on July 12, 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 62, which consists of a portfolio of retail auto lease receivables. DBRS rated this transaction relying upon RBC’s full wrap liquidity commitment for the benefit of Plaza Trust and RBC’s current short-term rating by DBRS of R-1(high).

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 methodology is Rating Canadian ABCP, which can be found on our website under Methodologies.