DBRS Updates Storm King Funding Transaction 65 Report

As part of its ongoing efforts to increase the transparency of asset-backed commercial paper conduit activity, DBRS Limited (DBRS) has today released an updated transaction summary report providing details of Storm King Funding’s Transaction 65, which is supported by a portfolio of dealer receivables originated by a vehicle finance company operating in Canada and secured by an underlying pool of used vehicles. The update reflects a change in the transaction assessment to AAA and amendments previously made to the program (including an increase in the program limit to $150 million).

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodologies are Rating Canadian Wholesale Securitizations, Legal Criteria for Canadian Structured Finance and Rating Canadian ABCP and Related Enhancement Features, 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.