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

DBRS Limited (DBRS) confirmed the Senior Short Term Notes, Series 2015-1 of SURE Trust (the Trust) at R-1 (high) (sf). The rating confirmation is pursuant to the inclusion of a new transaction (Transaction 73) to the Trust on October 13, 2017.

As part of its ongoing efforts to increase the transparency of reporting asset-backed commercial paper conduit activity, DBRS has also released a transaction summary report providing details of Transaction 73, which consists of a portfolio of conventional residential mortgages originated by a mortgage finance company operating in Canada.

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 Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages; Rating Canadian ABCP and Related Enhancement Features; Legal Criteria for Canadian Structured Finance; Derivatives Criteria for Canadian Structured Finance; and Operational Risk Assessments for Canadian Structured Finance, which can be found on our website under Methodologies.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

The full report providing additional analytical detail is available by clicking on the link below or by contacting us at info@dbrs.com.