DBRS Assigns Rating of AAA (sf) to the Repayment of the Rated Obligations of HT Credit LP Under a $500 Million Credit Facility

DBRS Limited (DBRS) assigned a rating of AAA (sf) to the repayment of the Rated Obligations of HT Credit LP under a $500 million credit facility (the Credit Facility) provided by a syndicate of lenders (the Lenders). The Rated Obligations are backed by a portfolio of uninsured residential mortgages originated by a federally regulated trust company in Canada. Rated Obligations are as defined in the Credit Facility.

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

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

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