DBRS Updates the Transaction Summary of Merit Trust, Senior Short-Term Asset-Backed Notes, Transaction #40

DBRS Limited (DBRS) has today released an updated Transaction Summary report providing details on Merit Trust’s Senior Short-Term Asset-Backed Notes, Transaction 40, which consists of a portfolio of retail auto loans. The update reflects the extension of the program commitment by one year. Today’s update is part of DBRS’s ongoing efforts to increase the transparency of its reporting on asset-backed commercial paper conduit activity.

Notes:
The applicable methodologies are Rating Canadian Retail Auto Loan and Lease Securitizations (October 2014), Rating Canadian ABCP (August 2014), Legal Criteria for Canadian Structured Finance (August 2014) and Derivatives Criteria for Canadian Structured Finance (August 2014), which can be found on our website under Methodologies.