DBRS Confirms Fusion Trust, Series A, Class A Notes at R-1 (high) (sf)

DBRS Limited (DBRS) has today confirmed the ratings of the Series A, Class A Notes issued by Fusion Trust (the Trust). The rating confirmation is in connection with the addition of a new transaction (Transaction #16) to the Trust.

As part of DBRS’s 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 under the Trust, which consists of a portfolio of mostly open-ended and some closed-ended lease receivables, financing fleets of individual cars, trucks and equipment.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodologies are Rating Canadian Auto Fleet Lease Transactions, Rating Canadian ABCP and Related Enhancement Features, Legal Criteria for Canadian Structured Finance and Derivatives Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.