DBRS Assigns AAA (sf) Rating to Banner Trust’s Series C Facility C Loan

DBRS Limited (DBRS) assigned a rating of AAA (sf) to Banner Trust, Series C Facility C Loan (the Loan). The repayment of the Loan is supported by a revolving portfolio of short-term, non-interest bearing trade receivables arising from the day-to-day operations of a communications company operating in Canada.

This rating was assigned at the request of the note purchasers for regulatory purposes.

Notes:
The principal methodologies are Rating Canadian Trade Receivables Securitization Transactions and Legal Criteria for Canadian Structured Finance, which can be found on dbrs.com under Methodologies.

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