DBRS Updates Transaction Summary 70 for SAFE Trust

DBRS Limited (DBRS) released an updated transaction summary report that provides details on Transaction 70 of SAFE Trust, which consists of a portfolio of retail auto lease and loan contracts secured by new and used passenger cars and sport-utility vehicles. The update reflects a change in the excess spread available on auto lease contracts and an increase of the program limit to $200 million that will be in effect in January 2020.

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

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.

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

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