Credit Rating Report

Pure Grove Funding, Plaza Trust, and Storm King Funding, Transaction 433 Summary

ABCP

Summary

DBRS Limited (DBRS Morningstar) confirmed its ratings on the Series 1 Asset-Backed Commercial Paper Notes of Pure Grove Funding, Series 1 Asset-Backed Commercial Paper Notes of Plaza Trust, and Series 1 Asset-Backed Commercial Paper Notes of Storm King Funding (together with Pure Grove Funding and Plaza Trust, the Trusts) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction to the Trusts (Transaction 433) on December 15, 2022.

Ratings

Fusion Trust II
  • Date Issued:Dec 19, 2022
  • Rating Action:New Rating
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
Plaza Trust
  • Date Issued:Dec 19, 2022
  • Rating Action:Confirmed
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
Pure Grove Funding
  • Date Issued:Dec 19, 2022
  • Rating Action:Confirmed
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • Date Issued:Dec 19, 2022
  • Rating Action:Confirmed
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
Storm King Funding
  • Date Issued:Dec 19, 2022
  • Rating Action:Confirmed
  • Ratings:R-1 (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:CA
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

Enjoying our exclusive insights?

Register for a free account to get unrestricted access to our in-depth research, presale and ratings reports, and more. Access is limited for unregistered users.

Related Documents

Issuers

Contacts

More from Morningstar DBRS