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

DBRS has today confirmed the Series A Notes of Ridge Trust at R-1 (high) (sf) (the Trust). The rating confirmation is pursuant to the inclusion of a new transaction (Transaction 20) in the Trust on November 29, 2013.

As part of DBRS’s ongoing efforts to increase transparency of reporting asset-backed commercial paper (ABCP) conduit activity, DBRS has also released a transaction summary report providing details of Transaction 20, which consists of a portfolio of conventional and insured residential mortgages originated by a mortgage finance company operating in Canada.

Notes:
The applicable methodologies are Rating Canadian Residential Mortgage-Backed Securities (RMBS) and Home Equity Line of Credit (HELOC) Transactions (November 2013), Rating Canadian ABCP (September 2013), Legal Criteria for Canadian Structured Finance (September 2013) and Derivatives Criteria for Canadian Structured Finance (September 2013), 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.