DBRS Updates Transaction Summary 38 of Bay Street Funding Trust

DBRS Limited (DBRS) released an updated Transaction Summary report providing the details of Transaction 38 of Bay Street Funding Trust, which consists of a portfolio of dealer receivables originated by an auto finance company operating in Canada and secured by an underlying pool of new and used vehicle receivables. The update reflects an extension of the program commitment.

Notes:
The principal methodologies are Rating Canadian Wholesale Securitizations (October 2017), Rating Canadian ABCP and Related Enhancement Features (July 2017) and Legal Criteria for Canadian Structured Finance (July 2017), which can be found on dbrs.com under Methodologies.

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