Rating Report

Bay Street Funding Trust, Short-Term ABN, Series 1, Class A Notes Transaction 64 and King Street Funding Trust, Asset-Backed CP Promissory Notes, Transaction 64(2)

ABCP

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Summary

DBRS Limited (DBRS Morningstar) confirmed its ratings on the Short-Term ABN, Series 1, Class A Notes issued by Bay Street Funding Trust (Bay Street) and the Asset-Backed CP Promissory Notes issued by King Street Funding Trust (together with Bay Street, the Trusts) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction to the Trusts (Bay Street’s Transaction 64 and King Street Funding Trust’s Transaction 64(2)) on April 21, 2021.