DBRS Morningstar Updates Transaction Summary 100 of Pure Grove Funding

DBRS Limited (DBRS Morningstar) updated Transaction Summary 100 of Pure Grove Funding (PGF). The update reflects an increase in the program limit and eligibility concentration limits. As part of DBRS Morningstar’s ongoing efforts to increase the transparency of reporting asset-backed commercial paper conduit activity, DBRS Morningstar released a transaction summary report providing details of Transaction 100, which consists of a portfolio of fixed-rate retail loan contracts secured by new and used automobiles, sport-utility vehicles, and light trucks.

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 methodologies are Rating Canadian Auto Retail Loan and Lease Securitizations (October 27, 2021), Rating Canadian ABCP and Related Enhancement Features (March 03, 2022), and Rating and Monitoring Asset-Backed Commercial Paper: U.S. ABCP Conduits (January 19, 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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