DBRS Confirms R-1 (middle) (sf) Rating to White Point Funding, Inc. – Commercial Paper

DBRS, Inc. (DBRS) has today confirmed the rating of R-1 (middle) (sf) to the 4(2) Commercial Paper issued by White Point Funding, Inc. (WP Funding) sponsored by the Royal Bank of Canada (RBC).

The rating is based on a surveillance review of the WP Funding portfolio, along with its Program Wide Credit Enhancement, in order to confirm its comprehensive risk profile.

The sources of information used for this rating include parties involved in the rating, including but not limited to the Royal Bank of Canada. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

The principal methodology is Asset-Backed Commercial Paper Criteria Report: U.S. & European ABCP Conduits, which can be found on our website under Methodologies.

Note:
All figures are in U.S. dollars unless otherwise noted.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.