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

DBRS has today confirmed the Series A Notes of Canadian Master Trust (CMT) and the Series A Notes of Ridge Trust (Ridge) at R-1 (high) (sf). The ratings confirmations are based on the addition of a new transaction to CMT (Transaction 22) and Ridge (Transaction 21) on December 13, 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 22 and Transaction 21, which consist of a portfolio of fixed-rate retail loan contracts secured by new and used automobiles, sport-utility vehicles and light trucks.

Notes:
The transaction number in Ridge Trust was changed from Transaction 20 to Transaction 21 on March 19, 2014.

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 Retail Loan and Lease Securitizations, Rating Canadian ABCP, Legal Criteria for Canadian Structured Finance and Derivatives Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.