DBRS Updates the Transaction Summary of SOUND Trust, Senior Short-Term Notes, Series 1998-1, Transaction #59

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 today released an updated Transaction Summary report providing details of SOUND Trust’s Transaction #59, which consists of a portfolio of fixed-rate commercial loan and lease contracts secured by new and used small and mid-ticket equipment. The update reflects the extension of the program commitment.

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.