DBRS Confirms the Rating on Banner Trust’s Series C Facility C Loan

DBRS Limited (DBRS) confirmed the rating of AAA (sf) on the Series C Facility C Loan (the Loan) issued by Banner Trust. The repayment of the Loan is supported by a revolving portfolio of short-term, non-interest-bearing trade receivables arising from the day-to-day operations of a communications company operating in Canada.

This rating was assigned at the request of the lender of the Loan.

Notes:
The principal methodologies are Master Canadian Structured Finance Surveillance Methodology (May 2018), Rating Canadian Trade Receivables Securitization Transactions (November 2017) and Legal Criteria for Canadian Structured Finance (July 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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