Methodology
Legal Criteria for Canadian Structured Finance (Archived)
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Press Release:
- 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 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]