Methodology
Legal Criteria for Canadian Structured Finance (Archived)
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- Morningstar DBRS Confirms Credit Ratings of CARDS II Trust
- Morningstar DBRS Confirms Credit Ratings of Fortified Trust
- DBRS Morningstar Updates Transaction Summary 70 of SAFE Trust
- Morningstar DBRS Confirms Pure Grove Funding at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings of Golden Credit Card Trust
- DBRS Morningstar Confirms Ridge Trust, Series A Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings of Glacier Credit Card Trust
- DBRS Morningstar Confirms All Ratings on CMLS Issuer Corp., Series 2014-1
- Morningstar DBRS Confirms Credit Ratings on Eagle Credit Card Trust
- Morningstar DBRS Confirms Credit Ratings of Trillium Credit Card Trust II
- DBRS Morningstar Confirms Credit Ratings on TD Conduits at R-1 (high) (sf)
- Morningstar DBRS Confirms Ridge Trust’s Series A Notes at R-1 (high) (sf)
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB88
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB89
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB90
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB91
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB92
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB93
- DBRS Morningstar Confirms Banner Trust’s Series A Notes at R-1 (high) (sf)
- Morningstar DBRS Assigns AAA Rating to RBC Global Covered Bonds, Series CB97
- DBRS Morningstar Confirms Reliant Trust’s Series A Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms All Classes of CSAIL 2019-C16 Commercial Mortgage Trust
- DBRS Morningstar Assigns Provisional Ratings to BINOM CDN RMBS I LP, Series 2023-1
- DBRS Morningstar Confirms Ratings on SAFE Trust and SOUND Trust at R-1 (high) (sf)
- DBRS Morningstar Publishes Updated Legal Criteria for Canadian Structured Finance
- Morningstar DBRS Assigns AAA (sf) Credit Rating to Fusion Trust II's Series G Note
- Morningstar DBRS Confirms Fusion Trust, Series A, Class A Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Clarity Trust, Series A, Class A Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Ratings on All Classes of BBCMS Mortgage Trust 2020-C6
- DBRS Morningstar Finalizes Provisional Ratings on BINOM CDN RMBS I LP, Series 2023-1
- DBRS Morningstar Discontinues All Credit Ratings on West Edmonton Mall Property Inc.
- Morningstar DBRS Confirms Canadian Master Trust’s Series A Notes at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on WTH Car Rental ULC, Series 2019-1 Note
- DBRS Morningstar Assigns AAA (sf) Rating to Fusion Trust II’s Series E Note
- DBRS Morningstar Assigns AAA Rating to BMO Global Registered Covered Bonds Series CBL37
- DBRS Morningstar Confirms Credit Ratings on Bay Street Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on Eagle Credit Card Trust, Series 2019-1
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL49
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL50
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL56
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL57
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL60
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL61
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL62
- DBRS Morningstar Assigns Provisional Ratings to Ford Auto Securitization Trust II 2023-B
- Morningstar DBRS Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL63
- Morningstar DBRS Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL64
- Morningstar DBRS Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL65
- Morningstar DBRS Discontinues Credit Ratings on Glacier Credit Card Trust, Series 2019-1
- DBRS Morningstar Discontinues Credit Rating on First-Mortgage Bond Issued by Bankers Hall LP
- Morningstar DBRS Assigns Provisional Credit Ratings to MBARC Credit Canada Inc. 2024-A Notes
- Morningstar DBRS Confirms Credit Ratings on Real Estate Asset Liquidity Trust, Series 2014-1
- DBRS Morningstar Confirms All Classes of Real Estate Asset Liquidity Trust, Series 2019-1
- DBRS Morningstar Confirms All Classes of Real Estate Asset Liquidity Trust, Series 2020-1
- DBRS Morningstar Confirms All Ratings on Real Estate Asset Liquidity Trust, Series 2015-1
- DBRS Morningstar Confirms All Ratings on Real Estate Asset Liquidity Trust, Series 2021-1
- DBRS Morningstar Confirms Credit Ratings on SAFE Trust and SOUND Trust at R-1 (high) (sf)
- DBRS Morningstar Finalizes Provisional Ratings on Ford Auto Securitization Trust II 2023-B
- Morningstar DBRS Discontinues Credit Ratings on TD Legislative Covered Bonds, Series CBL49
- DBRS Morningstar Confirms All Credit Ratings on MCAP CMBS Issuer Corporation, Series 2014-1
- Morningstar DBRS Assigns Provisional Credit Ratings to BMW Canada Auto Trust, Series 2024-1
- Morningstar DBRS Confirms Credit Ratings on All Classes of CMLS Issuer Corp., Series 2014-1
- Morningstar DBRS Assigns AAA Credit Rating to TD Global Legislative Covered Bonds, Series CBL69
- Morningstar DBRS Finalizes Provisional Credit Ratings to BMW Canada Auto Trust, Series 2024-1
- DBRS Morningstar Confirms Credit Ratings on All Classes of GS Mortgage Securities Trust 2020-GC45
- Morningstar DBRS Finalizes Provisional Credit Ratings on MBARC Credit Canada Inc. 2024-A Notes
- DBRS Morningstar Confirms Rating on Fusion Trust’s Series A, Class A Notes at R-1 (high) (sf)
- Morningstar DBRS Assigns AAA Credit Rating to TD Global Legislative Covered Bonds, Series CBL70
- Morningstar DBRS Assigns AAA Credit Rating to TD Global Legislative Covered Bonds, Series CBL72
- Morningstar DBRS Assigns AAA Credit Rating to TD Global Legislative Covered Bonds, Series CBL74
- Morningstar DBRS Assigns Provisional Credit Ratings to Ford Auto Securitization Trust II 2024-A
- Morningstar DBRS Confirms Credit Ratings on Mortgage Loans Made to Paramount Apartments Limited
- Morningstar DBRS Confirms All Credit Ratings of Real Estate Asset Liquidity Trust, Series 2015-1
- DBRS Morningstar Confirms Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2016-1
- DBRS Confirms SAFE Trust, SOUND Trust, SURE Receivables Trust and STABLE Trust at R-1 (high) (sf)
- DBRS Morningstar Confirms Merit Trust’s Senior Short-Term Asset-Backed Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms Prime Trust’s Senior Short-Term Asset-Backed Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms Ratings on Storm King Funding and Pure Grove Funding at R-1 (high) (sf)
- Morningstar DBRS Finalizes Provisional Credit Ratings on Ford Auto Securitization Trust II 2024-A
- Morningstar DBRS Confirms SAFE Trust, SOUND Trust, SURE Trust, and STABLE Trust at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating of CHIP Mortgage Trust, Series 2021-1 Medium Term Notes
- DBRS Morningstar Confirms Pure Grove Funding, Storm King Funding, and Plaza Trust at R-1 (high) (sf)
- DBRS Morningstar Confirms Ratings on All Classes of Canadian Commercial Mortgage Origination Trust 4
- Morningstar DBRS Confirms Credit Ratings on Canadian Master Trust and Ridge Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Plaza Trust, Pure Grove Funding, and Storm King Funding at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Ratings on All Classes of Wells Fargo Commercial Mortgage Trust 2021-C60
- DBRS Morningstar Confirms Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2019-HBC
- Morningstar DBRS Assigns Provisional Credit Ratings to Canadian Commercial Mortgage Origination Trust 6
- DBRS Morningstar Confirms Credit Ratings on SOUND Trust, STABLE Trust, and SURE TRUST at R-1 (high) (sf)
- DBRS Morningstar Confirms King Street Funding Trust, Asset-Backed CP Promissory Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms Plaza Trust’s Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)
- Morningstar DBRS Finalizes Provisional Credit Ratings on Canadian Commercial Mortgage Origination Trust 6
- DBRS Morningstar Assigns AAA Ratings to TD Global Legislative Covered Bonds, Series CBL51 and Series CBL52
- DBRS Morningstar Assigns AAA Ratings to TD Global Legislative Covered Bonds, Series CBL58 and Series CBL59
- DBRS Morningstar Confirms King Street Funding Trust’s Asset-Backed CP Promissory Notes at R-1 (high) (sf)
- Morningstar DBRS Assigns AAA Ratings to RBC Global Covered Bonds, Series CB94, Series CB95, and Series CB96
- Morningstar DBRS Confirms Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2016-1
- Morningstar DBRS Confirms Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2021-1
- DBRS Morningstar Assigns AAA Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL59
- DBRS Morningstar Assigns AAA Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL60
- DBRS Morningstar Assigns AAA Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL61
- DBRS Morningstar Assigns Provisional Ratings to GMF Canada Leasing Trust's Asset-Backed Notes, Series 2024-1
- DBRS Morningstar Confirms Zeus Receivables Trust’s Senior Short-Term Asset-Backed Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- DBRS Morningstar Confirms Lakeshore Trust’s Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)
- DBRS Morningstar Confirms Ratings on SAFE Trust, SOUND Trust, STABLE Trust, and SURE Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2019-HBC
- Morningstar DBRS Confirms Credit Ratings on Merit Trust, Prime Trust, Reliant Trust and Zeus Receivables Trust
- Morningstar DBRS Finalizes Provisional Ratings on GMF Canada Leasing Trust's Asset-Backed Notes, Series 2024-1
- DBRS Morningstar Assigns Provisional Ratings of AAA (sf) and A (sf) to Glacier Credit Card Trust, Series 2023-1
- Morningstar DBRS Confirms AAA Credit Rating on TD Global Legislative Covered Bonds, Series CBL70 Post-Reopening
- Morningstar DBRS Confirms AAA Credit Rating on TD Global Legislative Covered Bonds, Series CBL70 Post-Reopening
- DBRS Morningstar Confirms Storm King Funding’s Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on CNH Capital Canada Receivables Trust Series 2023, Class A-1 Notes
- DBRS Morningstar Finalizes Provisional Rating of AAA (sf) on CHIP Mortgage Trust’s Series 2023-1 Medium Term Notes
- DBRS Morningstar Confirms Bay Street Funding Trust’s Short-Term ABN, Series 1, Class A Notes at R-1 (high) (sf)
- DBRS Morningstar Finalizes Provisional Ratings of AAA (sf) and A (sf) on Glacier Credit Card Trust, Series 2023-1
- Morningstar DBRS Confirms Banner Trust, Merit Trust, Zeus Receivables Trust, and Reliant Trust at R-1 (high) (sf)
- DBRS Morningstar Assigns Provisional Rating of AAA (sf) to CHIP Mortgage Trust’s Series 2023-1 Medium Term Notes
- DBRS Morningstar Confirms Credit Rating on MACRO Trust’s Senior Short Term Series 2017-1 Note at R-1 (high) (sf)
- DBRS Morningstar Upgrades Ratings on Three Classes of Institutional Mortgage Securities Canada Inc., Series 2015-6
- Morningstar DBRS Confirms Ridge Trust’s Sixth Amended and Restated Series A Note Liquidity Agreement at AAA (sf)
- DBRS Morningstar Confirms Credit Rating on SAFE Trust’s Senior Short-Term Notes, Series 1996-1 at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Rating on SURE Trust’s Senior Short Term Notes, Series 2015-1 at R-1 (high) (sf)
- Morningstar DBRS Assigns AAA Credit Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL62
- DBRS Morningstar Confirms Credit Ratings on Two Classes of Institutional Mortgage Securities Canada Inc., Series 2013-3
- DBRS Morningstar Confirms Credit Rating on SOUND Trust’s Senior Short-Term Notes, Series 1998-1 at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Ratings on SAFE Trust, SOUND Trust, STABLE Trust, and SURE Trust at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Ratings on SAFE Trust, SOUND Trust, STABLE Trust, and SURE Trust at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Ratings on SAFE Trust, SOUND Trust, SURE Trust, and STABLE Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on SAFE Trust, SOUND Trust, STABLE Trust, and SURE Trust at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Rating on STABLE Trust’s Senior Short Term Notes, Series 2018-1 at R-1 (high) (sf)
- DBRS Morningstar Confirms Credit Ratings on Bay Street Funding Trust and King Street Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on GMF Canada Leasing Trust's Class A-1 Asset Backed Notes, Series 2023-1
- DBRS Morningstar Upgrades Credit Ratings on Three Classes of Institutional Mortgage Securities Canada Inc., Series 2016-7
- DBRS Morningstar Assigns Provisional Ratings of AAA (sf), A (high) (sf), and BBB (sf) to CARDS II Trust, Series 2023-2
- Morningstar DBRS Assigns Provisional Credit Ratings of AAA (sf) and A (sf) to Glacier Credit Card Trust, Series 2024-1
- Morningstar DBRS Discontinues Credit Rating on Ford Auto Securitization Trust II 2023-A's Asset-Backed Notes, Class A-1
- DBRS Morningstar Finalizes Provisional Ratings of AAA (sf), A (high) (sf), and BBB (sf) on CARDS II Trust, Series 2023-2
- Morningstar DBRS Finalizes Provisional Credit Ratings of AAA (sf) and A (sf) on Glacier Credit Card Trust, Series 2024-1
- Morningstar DBRS Confirms Credit Rating on Mortgage Loan Made to Morguard Corporation & 131 Queen Street Limited
- DBRS Morningstar Assigns AAA Ratings to TD Global Legislative Covered Bonds, Series CBL53, Series CBL54, and Series CBL55
- Morningstar DBRS Assigns AAA Ratings to TD Global Legislative Covered Bonds, Series CBL66, Series CBL67, and Series CBL68
- Morningstar DBRS Confirms Credit Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- Morningstar DBRS Discontinues Credit Rating on Remaining Class of Institutional Mortgage Securities Canada Inc., Series 2013-4
- DBRS Morningstar Confirms Ratings on Banner Trust, Reliant Trust, Merit Trust, and Zeus Receivables Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Canadian Master Trust’s Sixth Amended and Restated Series A Note Liquidity Agreement at AAA (sf)
- DBRS Morningstar Comments on Golden Credit Card Trust, Series 2022-3, 2022-4, and 2023-1 Class B and Class C Note Conversions
- Morningstar DBRS Assigns Provisional Credit Ratings of AAA (sf), A (high) (sf), and BBB (sf) to CARDS II Trust, Series 2024-1
- DBRS Morningstar Assigns Provisional Rating to WTH Car Rental ULC, Fixed Rate Asset-Backed Senior Notes, Series 2023-1, Class A
- DBRS Morningstar Assigns Provisional Ratings of AAA (sf), A (sf), and BBB (sf) to Trillium Credit Card Trust II, Series 2023-3
- Morningstar DBRS Assigns Provisional Credit Ratings of AAA (sf), A (sf), and BBB (sf) to Eagle Credit Card Trust, Series 2024-1
- Morningstar DBRS Assigns Provisional Rating to WTH Car Rental ULC, Fixed Rate Asset-Backed Senior Notes, Series 2024-1, Class A
- Morningstar DBRS Finalizes Provisional Credit Ratings of AAA (sf), A (high) (sf), and BBB (sf) on CARDS II Trust, Series 2024-1
- Morningstar DBRS Places All Classes of Real Estate Asset Liquidity Trust, Series 2019-1 Under Review With Negative Implications
- DBRS Morningstar Finalizes Provisional Ratings of AAA (sf), A (sf), and BBB (sf) on Trillium Credit Card Trust II, Series 2023-3
- DBRS Morningstar Finalizes Provisional Rating on WTH Car Rental ULC, Fixed Rate Asset-Backed Senior Notes, Series 2023-1, Class A
- Morningstar DBRS Finalizes Provisional Credit Ratings of AAA (sf), A (sf), and BBB (sf) on Eagle Credit Card Trust, Series 2024-1
- Morningstar DBRS Finalizes Provisional Rating to WTH Car Rental ULC, Fixed Rate Asset-Backed Senior Notes, Series 2024-1, Class A
- Morningstar DBRS Confirms Credit Ratings on Banner Trust, Reliant Trust, Merit Trust, and Zeus Receivables Trust at R-1 (high) (sf)
- Morningstar DBRS Assigns Provisional Credit Ratings to CNH Capital Canada Receivables Trust’s Receivable-Backed Notes, Series 2024-1
- DBRS Morningstar Confirms Pure Grove Funding Series 1 Asset-Backed Commercial Paper Notes, Class Maple and Class Oak at R-1 (high) (sf)
- Morningstar DBRS Assigns a Rating of AA to Equitable Bank (Global Legislative Covered Bond Programme) Social Covered Bonds, Series CBL5
- Morningstar DBRS Finalizes Provisional Credit Ratings to CNH Capital Canada Receivables Trust’s Receivable-Backed Notes, Series 2024-1
- DBRS Morningstar Upgrades Ratings on Four Classes of Real Estate Asset Liquidity Trust, Series 2018-1, Confirms Remaining Ratings on All Classes
- Morningstar DBRS Confirms All Credit Ratings on Canadian Commercial Mortgage Origination Trust 4, Changes Trends on Three Classes to Negative
- Morningstar DBRS Upgrades First Loss Credit Rating on One Transaction and Confirms First Loss Credit Ratings on Eight Mortgage Loan Transactions
- DBRS Morningstar Upgrades Credit Ratings on Three Classes of Real Estate Asset Liquidity Trust, Series 2017; Changes Two Trends to Positive From Stable
- Morningstar DBRS Confirms Credit Rating on the Mortgage Loan Secured by 1166 Alberni Street; Removes Class from Under Review With Negative Implications
- DBRS Morningstar Upgrades Credit Ratings on Three Classes of Real Estate Asset Liquidity Trust, Series 2016-2, Confirms Ratings on All Remaining Classes
- Morningstar DBRS Downgrades Credit Ratings on Seven Classes of Real Estate Asset Liquidity Trust, Series 2019-1, Assigns Negative Trends to Three Classes
- DBRS Morningstar Downgrades Rating on One Class of Canadian Commercial Mortgage Origination Trust 5, Changes Trends on Two Classes to Negative From Stable
- Morningstar DBRS Confirms Credit Rating on the Mortgage Loan Secured by ASQ Building with Stable Trend, Removes Credit Rating From Under Review With Negative Implications
- Morningstar DBRS Confirms Credit Rating on Mortgage Loan Made to Albert & Lyon Equities Inc., Albert & Lyon Properties LP, and Canderel CSQ Ottawa LP - Constitution Square
- Morningstar DBRS Downgrades Credit Rating on First Mortgage Bonds Issued by SEC LP and ARCI Ltd. (Suncor Energy Centre), Removes from Under Review with Developing Implications
Contacts
- Shubhreen Dosanjh
Vice President - Canadian Structured Finance Ratings, Legal
+(1) 416 597 7459
[email protected] - Sarah Bialas
Senior Vice President - Canadian Structured Finance Ratings, Legal
+(1) 416 597 7442
[email protected] - Arthi Sambasivan
Managing Director - Corporate Ratings, Asset, Project, & Sports Finance
+(1) 416 597 7438
[email protected]
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