DBRS Updates the Transaction Summary of Ridge Trust, Series A Notes, Transaction 12

DBRS Limited (DBRS) has today released an updated Transaction Summary report providing details of Ridge Trust Transaction 12 (the Transaction), as part of its ongoing efforts to increase the transparency of reporting asset-backed commercial paper (ABCP) conduit activity. The Transaction is secured by new and used agricultural and construction equipment originated in Canada. The update reflects an extension of the revolving period of the program.

The applicable methodologies are Rating Canadian Equipment Finance Securitization Transactions, Legal Criteria for Canadian Structured Finance, Rating Canadian ABCP and Related Enhancement Features and Derivatives Criteria for Canadian Structured Finance, which can be found on our website under Methodologies.

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