DBRS Updates Ridge Trust Transaction Summary 23

DBRS Limited (DBRS) updated the transaction summary report providing details of Transaction 23 of Ridge Trust, which consists of a portfolio of program and non-program rental vehicles, as part of its ongoing efforts to increase the transparency of its reporting on asset-backed commercial paper conduit activity. The update reflects an extension of the commitment termination date to March 2020.

Notes:
The principal methodologies are Rating Canadian Rental Car Fleet Securitizations, Rating Canadian ABCP and Related Enhancement Features, Legal Criteria for Canadian Structured Finance and Derivatives Criteria for Canadian Structured Finance, which can be found on dbrs.com under Methodologies.

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