DBRS Morningstar Updates Transaction Summary 63 for Plaza Trust

DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Plaza Trust’s Series 1 Asset-Backed Commercial Paper Notes, Transaction 63, which is secured by a portfolio of conventional residential mortgages originated by a large mortgage finance company operating in Canada (the Seller). The update reflects certain amendments that have been made to the program documents to change it to a committed program and to no longer allow purchases of insured residential mortgages and National Housing Act mortgage-backed securities respectively originated and issued by the Seller.

There were no environmental, social, and 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.

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

The principal methodology is Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages (November 4, 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 full report providing additional analytical detail is available by clicking on the link under Related Documents below or by contacting us at [email protected].

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

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