DBRS Assigns Ratings to Meridian OneCap Limited Partnership’s Variable Rate Equipment Contract Backed Notes, Series 2016-1, Class A

DBRS Limited (DBRS) has today assigned a rating of AAA (sf) to the Variable Rate Equipment Contract Backed Notes, Series 2016-1, Class A issued by Meridian OneCap Limited Partnership (the Trust). On closing, the Trust acquired a portfolio of loan and lease contracts secured by new and used small- and medium-ticket equipment (the Portfolio of Assets) originated in Canada. The principal and interest are paid on a monthly basis from collections on the Portfolio of Assets.

This rating has been assigned at the request of the note purchasers for regulatory purposes.

Notes:
The applicable methodologies are Rating Canadian Equipment Finance Securitizaton Transactions, Legal Criteria for Canadian Structured Finance and Derivatives Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.