DBRS Updates Transaction Summary #16 in Fusion Trust

As part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper (ABCP) conduit activity, DBRS Limited has today released an updated Transaction Summary report providing details of Transaction #16 in Fusion Trust, which consists of a portfolio of mostly open-ended and some closed-ended lease receivables, financing fleets of individual cars, trucks and equipment. The changes to the report reflect amendments made to the program primarily related to the termination of the Back-up Servicer.

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.