DBRS Confirms SURE Trust at R-1 (high) (sf)

DBRS Limited (DBRS) has today confirmed the rating on the Senior Short-Term Notes, Series 2015-1 issued by SURE Trust (the Trust) at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction (Transaction 61) to the Trust on November 9, 2016.

As part of DBRS’s ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity, DBRS has also released a 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.

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.