DBRS Confirms Canadian Master Trust and Ridge Trust at R-1 (high) (sf)

DBRS Limited (DBRS) has today confirmed its ratings on the Series A Notes issued by Canadian Master Trust (CMT) and the Series A Notes issued by Ridge Trust (Ridge) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction to both CMT (Transaction 29) and Ridge (Transaction 27) on June 22, 2017.

As part of DBRS’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper conduit activity, DBRS has today released a transaction summary report providing details of Transaction 29 and 27 that consist of a portfolio of fixed-rate retail loan contracts secured by new and used automobiles, sport-utility vehicles and light trucks.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The principal methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations (October 2016), Rating Canadian ABCP and Related Enhancement Features (March 2017), Legal Criteria for Canadian Structured Finance (July 2016) and Derivatives Criteria for Canadian Structured Finance (July 2016), 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.