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

DBRS Limited (DBRS Morningstar) confirmed the rating of AAA (sf) on the Series C Facility A 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 has been assigned at the request of the lender of the Loan.

Notes:
The principal methodology is Master Canadian Structured Finance Surveillance Methodology (June 2019), which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

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