DBRS Assigns AAA (sf) Rating to Banner Trust’s Series C Facility D Loan

DBRS Limited (DBRS) assigned a rating of AAA (sf) to the Series C Facility D Loan (the Loan) issued by Banner Trust. The repayment of the Loan is supported by a portfolio of conventional and insured residential mortgages originated by a Schedule I bank in Canada.

This rating is assigned at the request of the lender of the Loan for regulatory purposes.

Notes:
The principal methodologies are Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages (November 2017); Legal Criteria for Canadian Structured Finance (July 2018); Derivatives Criteria for Canadian Structured Finance (July 2018); and Operational Risk Assessments for Canadian Structured Finance (April 2018), 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.

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