DBRS Updates Merit Trust, Prime Trust, Zeus Receivables Trust and Banner Trust Transaction Summary 80
ABCPDBRS Limited (DBRS) updated the transaction summary report providing details of Merit Trust, Prime Trust, Zeus Receivables Trust and Banner Trust Transaction 80, which consists of a portfolio of conventional residential mortgages and home equity lines of credit originated by a large mortgage finance company operating in Canada, as part of its ongoing efforts to increase the transparency of reporting asset-backed commercial paper conduit activity. The update reflects a change in the credit enhancement for the transaction.
Notes:
The principal methodologies are Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages; Rating Canadian ABCP and Related Enhancement Features; Legal Criteria for Canadian Structured Finance; Derivatives Criteria for Canadian Structured Finance; and Operational Risk Assessments for Canadian Structured Finance, which can be found on dbrs.com under Methodologies.
The full report providing additional analytical detail is available by clicking on the link under Related Documents below or by contacting us at info@dbrs.com.