DBRS Morningstar Confirms the AAA (sf) Rating on Banner Trust’s Series C Facility C Loan

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

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Master Canadian Structured Finance Surveillance Methodology (June 7, 2021), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482.

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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