DBRS Updates Bay Street Funding Trust and King Street Funding Trust Transaction Summary 54

DBRS Limited (DBRS) has today released an updated Transaction Summary report providing details of Transaction 54 in the Bay Street Funding Trust (Bay Street) and King Street Funding Trust (King Street, and together with Bay Street, the Trusts) conduits, as part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity. The update reflects an additional advance made and completed on July 20, 2016.

Notes:
The applicable methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations, 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.

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