DBRS Updates the Transaction Summary 49 for Bay Street Funding Trust and King Street Funding Trust

DBRS Limited (DBRS) released an updated transaction summary report that provides details on Transaction 49 of Bay Street Funding Trust and King Street Funding Trust, which is secured by a Collateral Note backed by a portfolio of automobile, sport-utility vehicle and light truck retail auto leases originated by a captive auto finance company operating in Canada. The update reflects a one-year extension of the program and a change to available credit enhancement.

Notes:
The principal methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations and Rating Canadian ABCP and Related Enhancement Features, which can be found on dbrs.com under Methodologies & Criteria.

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