DBRS Updates the Transaction Summary of Merit Trust, Senior Short-Term Asset-Backed Notes, Transaction 40

DBRS Limited (DBRS) released an updated Transaction Summary report providing details on Merit Trust, Senior Short-Term Asset-Backed Notes, Transaction 40, which consists of a portfolio of retail auto loans. The update reflects an amendment to allow for a purchase that is in excess of the program limit of the transaction.

Notes:
The principal methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations (October 2017), Rating Canadian ABCP and Related Enhancement Features (March 2018), Legal Criteria for Canadian Structured Finance (July 2018) and Derivatives Criteria for Canadian Structured Finance (July 2018), which can be found on dbrs.com under Methodologies.

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