DBRS Morningstar Updates Fusion Trust Transaction 18

DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report providing details of Transaction 18 in Fusion Trust, which consists of a portfolio of fixed-rate monthly, quarterly, semiannual, and annual pay lease and loan contracts secured by primarily new small- and mid-ticket equipment. The update reflects an extension of the program by one year and an increase of the Program Limit to $400 million.

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 Equipment Finance Securitization Transactions (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.

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

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