DBRS Assigns Rating of AAA (sf) to the Repayment of the Obligations of EQB Funding Limited Partnership Under a $2 Billion Credit Facility

DBRS Limited (DBRS) has assigned a rating of AAA (sf) to the repayment of the Obligations of EQB Funding Limited Partnership under a $2 billion credit facility (the Credit Facility) provided by a syndicate of lenders (the Lenders). The Obligations are backed by an interest in a portfolio of uninsured residential mortgages originated by a Schedule I bank in Canada. Obligations are as defined in the Credit Facility.

The rating is assigned at the request of the Lenders for regulatory purposes.

Note:
The principal methodologies are Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages, Legal Criteria for Canadian Structured Finance and Operational Risk Assessments for Canadian Structured Finance, 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.