DBRS Updates Transaction Summary 46 in Bay Street Funding Trust

DBRS Limited has today released an updated Transaction Summary report providing details of Transaction 46 in Bay Street Funding Trust, which consists of a portfolio of program and non-program rental vehicles, as part of its ongoing efforts to increase the transparency of its reporting on asset-backed commercial paper (ABCP) conduit activity. The update reflects the extension of the program commitment by one year.

Notes:
The applicable methodologies are Rating Canadian Rental Car Fleet 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.

The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.