DBRS Updates Storm King Funding Transaction Summary 75

DBRS Limited (DBRS) has today released an updated Transaction Summary report providing details of Transaction 75 of Storm King Funding, which is secured by a portfolio of retail auto lease receivable contracts and related leased vehicles originated by the Seller, a bankruptcy-remote special-purpose entity created by a Canadian captive auto finance company. The update reflects amendments made to the program, an extension of the program commitment and an increase in the program limit.

Notes:
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.