DBRS Morningstar Updates Transaction Summary 75 of Storm King Funding

DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Transaction 75 of Storm King Funding, which is secured by a portfolio of retail auto lease receivable contracts and related lease vehicles (automobiles and sport-utility vehicles). The update reflects a one year extension and an increase in program limit.

There were no Environmental/ Social/ Governance factors that had a significant or relevant effect on the credit analysis.

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/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings.

The principal methodology is Rating Canadian Auto Retail Loan and Lease Securitizations (October 27, 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.

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

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