DBRS Confirms Rating on Reliant Trust’s Series A Notes at R-1 (high) (sf)

DBRS Limited (DBRS) confirmed the rating of the Series A Notes issued by Reliant Trust (the Trust) at R-1 (high) (sf). The rating confirmation is pursuant to an existing transaction, Transaction 83, that may be included in the Trust in the future.

As part of DBRS’s ongoing efforts to increase transparency of reporting asset-backed commercial paper conduit activity, DBRS has released an updated transaction summary report providing details of Transaction 83, which consists of short-term, non-interest-bearing trade receivables arising from the day-to-day operations of a communications company. The updates reflect the addition of Reliant Trust and an increase in the program limit to $200 million.

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

The principal methodologies are Rating Canadian Trade Receivables Securitization Transactions and Rating Canadian ABCP and Related Enhancement Features, which can be found on dbrs.com under Methodologies & Criteria.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at info@dbrs.com.

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.

Please see the related appendix for additional information regarding the sensitivity of assumptions used in the rating process.

The full report providing additional analytical detail is available by clicking on the link under Related Documents below or by contacting us at info@dbrs.com.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada