DBRS Confirms Lakeshore Trust at R-1 (high) (sf)

DBRS Limited (DBRS) confirmed its rating on the Series 1 Asset-Backed Commercial Paper Notes issued by Lakeshore Trust at R-1 (high) (sf). The rating confirmation is based on the addition of a new transaction to Lakeshore Trust (Transaction 83) on October 2, 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 83, which consists of a portfolio of fixed-rate and some floating-rate commercial loan and lease receivables secured by new and used small- and mid-ticket equipment.

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 Equipment Finance Securitization Transactions (October 2016), Rating Canadian ABCP and Related Enhancement Features (July 2017), Legal Criteria for Canadian Structured Finance (July 2017) and Derivatives Criteria for Canadian Structured Finance (July 2017), which can be found on our website under Methodologies.

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