Credit Rating Report

Pure Grove Funding: Rating Report

ABCP

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional rating of R-1 (high)(sf) on the Series 1 Asset-Backed Commercial Paper Notes, Class Maple (the Notes) issued by Pure Grove Funding (the Conduit). The Conduit is a multiseller, asset-backed commercial paper conduit administrated by its financial services agent, Royal Bank of Canada.

Ratings

Pure Grove Funding
  • Date Issued:Oct 19, 2020
  • Rating Action:Provis.-Final
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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