DBRS Updates Transaction 79 of Prime Trust, Merit Trust, Banner Trust and Zeus Receivables Trust

DBRS Limited (DBRS) released an updated Transaction Summary report providing the details of Transaction 79 in Prime Trust, Merit Trust, Banner Trust and Zeus Receivables Trust, which consists of a portfolio of fixed-rate monthly, quarterly, semi-annual and annual pay lease and loan contracts secured by primarily new small and mid-ticket equipment. The update reflects an increase in the Program Limit to $500 million and a minor amendment.

Notes:
The principal methodologies are Rating Canadian Equipment Finance Securitization Transactions, 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 our website under Methodologies.

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

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