DBRS Morningstar Updates Transaction Summary 84 of STABLE Trust

DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Transaction 84 of STABLE Trust, which consists of a secured loan backed by a security interest in a portfolio of retail auto loan receivable contracts and related rights (the Portfolio of Loans). The update reflects a one-year extension of the program, an increase to the program limit, and the addition of SOUND Trust and SURE Trust as Lenders.

No Environmental, Social, or Governance (ESG) factors 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 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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