DBRS Confirms R-1 (middle) Commercial Paper Rating of White Point Funding, Inc.

DBRS, Inc. (DBRS) has today confirmed the rating of R-1 (middle) (sf) on the 4(2) Commercial Paper (CP) to be issued by White Point Funding, Inc. (the Conduit) and sponsored by the Royal Bank of Canada. As of today, the Conduit remains in place; however, there is currently no outstanding CP nor new CP being issued.

The provisions of the Conduit set forth DBRS’s prior review of all new transactions before the transactions are funded in the Conduit.

The sources of information used for this rating include parties involved in the rating, including, but not limited to, the Royal Bank of Canada. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodology is Asset-Backed Commercial Paper Criteria Report: U.S. ABCP Conduits, which can be found on dbrs.com under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.