DBRS Updates the Transaction Summary of Plaza Trust’s Transaction #27

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 Plaza Trust’s Transaction #27, which consists of short-term, non-interest-bearing, trade receivables arising from the day-to-day operations of the seller. The update reflects the extension of the program commitment and a reduction in the credit enhancement floor. There is no change to the transaction credit assessment.

The applicable methodologies are Rating Canadian Trade Receivables Securitization Transactions, Legal Criteria for Canadian Structured Finance and Rating Canadian ABCP and Related Enhancement Features, 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.