DBRS Confirms Rating of AAA (sf) on the Repayment of the Obligations of EQB Funding Limited Partnership Under a $2 Billion Credit Facility

DBRS Limited (DBRS) confirmed the rating of AAA (sf) on the repayment of the Obligations of EQB Funding Limited Partnership under a $2 billion credit facility (the Credit Facility) provided by a syndicate of lenders (the Lenders). The Obligations are backed by an interest in a portfolio of uninsured residential mortgages originated by a Schedule I bank in Canada. The Obligations are as defined in the Credit Facility.

The rating was assigned at the request of the Lenders for regulatory purposes.

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

The principal methodologies are Master Canadian Structured Finance Surveillance, Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages 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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.