DBRS Updates Transaction Summary #61 in SOUND Trust

As part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity, DBRS Limited (DBRS) has released an updated Transaction Summary report providing details of Transaction #61, which consists of a collateral note that is supported by a security interest in a portfolio of automobile, sport-utility vehicle and light truck retail auto leases originated by a captive auto finance company operating in Canada. The changes to the report reflect amendments related to an extension of the program, the addition of SURE Trust as a note purchaser, an increase to the program limit and the flexibility to permit alternative interest rate swap structures.

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.