DBRS Morningstar Updates Transaction Summary 60 of King Street Funding Trust and Bay Street Funding Trust

DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Transaction 60 of King Street Funding Trust and Bay Street Funding Trust, which is secured by a loan supported by a portfolio of rental contracts for primarily residential and some commercial water heaters; water treatment equipment; home standby generators; and heating, ventilation, and air conditioning equipment. The update reflects several amendments made to the program, some of which include an extension of the program by one year, and a change in the level of credit enhancement.

Notes:
The Transaction Summary is available at www.dbrsmorningstar.com.

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/baseline-macroeconomic-scenarios-application-to-credit-ratings.

For more information on the Transaction Summary, visit www.dbrsmorningstar.com or contact us at [email protected].

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