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 an extension of the program commitment by one year.

Notes:
The applicable methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations (October 2015), Rating Canadian ABCP and Related Enhancement Features (August 2015), Legal Criteria for Canadian Structured Finance (August 2015) and Derivatives Criteria for Canadian Structured Finance (August 2015), which can be found on our website under Methodologies.

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