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

DBRS Limited (DBRS) confirmed the Series A Notes issued by Ridge Trust (the Trust) at R-1 (high) (sf). The rating confirmation is pursuant to the inclusion of a new transaction (Transaction 28) to the Trust on December 11, 2017.

As part of DBRS’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper conduit activity, DBRS also released a transaction summary report, which provides details of Transaction 28 that consists of a portfolio of credit cards originated by a Schedule I bank operating in Canada.

Notes:
All figures are in Canadian dollars unless otherwise noted.

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 Credit Card and Personal Line of Credit Securitizations, Rating Canadian ABCP and Related Enhancement Features 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 for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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