DBRS Confirms King Street Funding Trust at R-1 (high) (sf)

DBRS has today confirmed the Asset-Backed CP Promissory Notes of King Street Funding Trust at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction (Transaction 47) to the Trust on December 16, 2013.

As part of DBRS’s ongoing efforts to increase the transparency of its reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS has today released a Transaction Summary report providing details of Transaction 47, which consists of a portfolio of fixed-rate commercial lease contracts secured by small and mid-ticket office equipment.

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 Equipment Finance Securitization Transactions, 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.