DBRS Updates the Transaction Summary of Ridge Trust, Series A Notes, Transaction #16

As part of DBRS Limited’s (DBRS) ongoing efforts to increase the transparency of reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS has released an updated Transaction Summary report providing details of Transaction #16, which consists of a portfolio of program and non-program rental vehicles. The update reflects the extension of the program commitment by two years.

The applicable methodologies are Rating Canadian Rental Car Fleet Securitizations, Rating Canadian ABCP and Legal Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.

The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.