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 amendments made to the program including an increase to the program commitment and changes to certain eligibility criteria to include an allowable percentage of 84-month loans for new vehicles. 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 Auto Retail Loan and Lease Securitizations (October 2014), Rating Canadian ABCP and Related Enhancement Features (April 2015), 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.

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