Credit Rating Report

Bay Street Funding Trust, Short-Term ABN, Series 1, Class A Notes Transaction 46

ABCP

Summary

DBRS Limited (Morningstar DBRS) released an updated transaction summary report providing details of Transaction 46 of Bay Street Funding Trust, which consists of a portfolio of Program and Non-Program rental vehicles, and vehicle receivables. This update is part of Morningstar DBRS' ongoing efforts to increase the transparency of reporting on asset-backed commercial paper conduit activity.