Bay Street Funding Trust: Rating Report
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Summary
DBRS Limited (DBRS Morningstar) confirmed the rating of R-1 (high) (sf) on the Short-Term ABN, Series 1, Class A Notes (the Notes) issued by Bay Street Funding Trust (the Trust) as part of its annual review of publicly rated, asset-backed commercial paper conduits. The rating confirmation is part of DBRS Morningstar’s continued effort to provide timely credit rating opinions and increased transparency to market participants.