DBRS Morningstar Withdraws Ratings on Liquidity Agreements for Banner Trust, Reliant Trust, Merit Trust, Prime Trust, and Zeus Receivables Trust

DBRS Limited (DBRS Morningstar) withdrew the ratings on the Global Style Liquidity Agreement respecting Banner Trust Series A Notes; the Fourth Amended and Restated Series A Liquidity Agreement respecting Reliant Trust; and the Amended and Restated Global Style Liquidity Agreements respecting Merit Trust, Prime Trust, and Zeus Receivables Trust provided by a liquidity lender to Banner Trust, Reliant Trust, Merit Trust, Prime Trust, and Zeus Receivables Trust, respectively.

The ratings were withdrawn at the request of the liquidity lender.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.

Notes:
The principal methodology is Master Canadian Structured Finance Surveillance Methodology (August 31, 2020), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

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.dbrsmorningstar.com or contact us at [email protected].

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