DBRS Morningstar Updates Transaction Summary 46 of Bay Street Funding Trust

DBRS Limited (DBRS Morningstar) released an updated transaction summary report providing details of Transaction 46 of Bay Street Funding Trust, which consists of a portfolio of program and nonprogram rental vehicles. This update is part of DBRS Morningstar’s ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity.

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:
The principal methodologies are Rating Canadian Rental Car Fleet Securitizations (October 27, 2021) and Rating Canadian ABCP and Related Enhancement Features (March 3, 2022), 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/baseline-macroeconomic-scenarios-application-to-credit-ratings.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].

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