DBRS Updates Transaction Summary 57 for King Street Funding Trust

DBRS Limited (DBRS) released an updated transaction summary report that provides details on Transaction 57 of King Street Funding Trust, which is secured by a portfolio of short-term, non-interest-bearing trade receivables arising from the day-to-day operations of the Originator. The update reflects a program limit increase from $65,000,000 to $100,000,000.

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

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

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