DBRS Confirms Merit Trust, Zeus Receivables Trust & Prime Trust at R-1 (high) (sf)

DBRS has today confirmed the Senior Short-Term Asset-Backed Notes (the Notes) of Merit Trust, Zeus Receivables Trust and Prime Trust (the ABCP Issuing Conduits) at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction (Transaction 69) to the ABCP Issuing Conduits on September 25, 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 69, which consists of automobile and sport utility vehicle (SUV) retail auto leases originated by a captive auto finance company operating in Canada.

Notes:
The applicable methodologies are Rating Canadian Auto Lease Securitizations, Legal Criteria for Canadian Structured Finance, Derivatives Criteria for Canadian Structured Finance and Rating Canadian ABCP, 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.