DBRS Updates Transaction Summary 25 of Zeus Receivables Trust
ABCPDBRS Limited (DBRS) released an updated Transaction Summary report on Zeus Receivables Trust that provides details on Transaction 25, which consists of a portfolio of primarily open-ended lease receivables financing corporate fleets of passenger cars, trucks and equipment, as part of its ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity. The update reflects several amendments to the program, including a one-year extension of the program commitment, an increase to available credit enhancement, the addition of a number of special obligors and an increase in the program limit to $250 million from $200 million.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The principal methodologies are Rating Canadian Auto Fleet Lease Transactions 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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