Methodology
Legal and Derivatives Criteria for Canadian Structured Finance
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Press Release:
- Morningstar DBRS Confirms Credit Ratings on CHIP Mortgage Trust
- Morningstar DBRS Confirms Rideau Trail Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms SURE Trust and STABLE Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms SURE Trust and STABLE Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Banner Trust's Series A Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on Ridge Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Clarity Trust and Fusion Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on GMF Canada Leasing Trust 2024-1
- Morningstar DBRS Confirms Fusion Trust and Clarity Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Reliant Trust's Series A Notes at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on CARDS II Trust, Series 2022-1
- Morningstar DBRS Confirms Credit Ratings of Classic RMBS Trust, Series 2022-1
- Morningstar DBRS Confirms Credit Ratings on CLASSIC RMBS Trust, Series 2021-2
- Morningstar DBRS Confirms Ratings on Ford Auto Securitization Trust II 2024-B
- Morningstar DBRS Discontinues Credit Ratings on CARDS II Trust, Series 2019-2
- Morningstar DBRS Confirms Credit Ratings on BINOM CDN RMBS I LP, Series 2023-1
- Morningstar DBRS Confirms Credit Ratings on Lakeshore Trust at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Ratings on All Classes of MED Trust 2021-MDLN
- Morningstar DBRS Confirms Credit Ratings on CNH Capital Canada Receivables Trust
- Morningstar DBRS Confirms the AAA (sf) Rating on Fusion Trust II's Series D Note
- Morningstar DBRS Confirms AAA (sf) Credit Ratings on BMW Canada Auto Trust 2023-1
- Morningstar DBRS Confirms AAA (sf) Credit Ratings on BMW Canada Auto Trust 2024-1
- Morningstar DBRS Confirms Fusion Trust, Series A, Class A Notes at R-1 (high) (sf)
- Morningstar DBRS Assigns AAA Credit Rating to RBC Global Covered Bonds, Series CB98
- Morningstar DBRS Assigns Provisional Credit Ratings to HELOCS Trust, Series 2025-1
- Morningstar DBRS Assigns Provisional Credit Ratings to HELOCS Trust, Series 2025-2
- Morningstar DBRS Confirms Clarity Trust, Series A, Class A Notes at R-1 (high) (sf)
- Morningstar DBRS Assigns Provisional Credit Ratings to CARDS II Trust, Series 2025-1
- Morningstar DBRS Finalizes Provisional Credit Ratings on HELOCS Trust, Series 2025-1
- Morningstar DBRS Confirms Credit Rating on Silver Arrow Canada LP Series 2022-1 Notes
- Morningstar DBRS Finalizes Provisional Credit Ratings on HELOCS Trust, Series 2025-2
- Morningstar DBRS Finalizes Provisional Credit Ratings on CARDS II Trust, Series 2025-1
- Morningstar DBRS Discontinues Credit Rating on Fusion Trust II's Series G Note
- Morningstar DBRS Confirms Credit Ratings on Bay Street Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on Bay Street Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms the AAA (sf) Credit Rating on Fusion Trust II's Series E Note
- Morningstar DBRS Confirms AAA (sf) Credit Ratings on BMW Canada Auto Trust, Series 2022-1
- Morningstar DBRS Confirms Credit Ratings on MBARC Credit Canada Inc., Series 2024-A Notes
- Morningstar DBRS Confirms Reliant Trust and Rideau Trail Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Assigns Provisional Credit Ratings to Pure Industrial Issuer Trust Canada
- Morningstar DBRS Confirms All Credit Ratings on MCAP CMBS Issuer Corporation, Series 2014-1
- Morningstar DBRS Confirms Credit Ratings of Royal Bank of Canada Global Covered Bonds at AAA
- Morningstar DBRS Discontinues Credit Rating on BMW Canada Auto Trust 2023-1, Class A-1 Notes
- Morningstar DBRS Discontinues Credit Ratings on Canadian Credit Card Trust II, Series 2021-1
- Morningstar DBRS Finalizes Provisional Credit Ratings on Pure Industrial Issuer Trust Canada
- Morningstar DBRS Assigns Provisional Credit Ratings to Eagle Credit Card Trust, Series 2025-1
- Morningstar DBRS Discontinues Credit Rating on Banner Trust's Series C Facility D Loan
- Morningstar DBRS Assigns Provisional Credit Ratings to Ford Auto Securitization Trust II 2024-B
- Morningstar DBRS Confirms Credit Ratings on Fairstone Financial Issuance Trust I, Series 2020-1
- Morningstar DBRS Confirms Merit Trust's Senior Short-Term Asset-Backed Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Prime Trust's Senior Short-Term Asset-Backed Notes at R-1 (high) (sf)
- Morningstar DBRS Finalizes Provisional Credit Ratings on Eagle Credit Card Trust, Series 2025-1
- Morningstar DBRS Confirms the AAA (sf) Credit Rating on Fusion Trust II's Series A Note
- Morningstar DBRS Confirms the AAA (sf) Credit Rating on Fusion Trust II's Series B Note
- Morningstar DBRS Assigns AAA Credit Rating to NBC Legislative Global Covered Bonds, Series CBL23
- Morningstar DBRS Confirms All Credit Ratings on Real Estate Asset Liquidity Trust, Series 2016-2
- Morningstar DBRS Confirms All Credit Ratings on Real Estate Asset Liquidity Trust, Series 2020-1
- Morningstar DBRS Discontinues Credit Rating on NBC Legislative Global Covered Bonds, Series CBL7
- Morningstar DBRS Discontinues Credit Rating on TD Global Legislative Covered Bonds, Series CBL36
- Morningstar DBRS Confirms Credit Ratings of Equitable Bank Global Legislative Covered Bonds at AA
- Morningstar DBRS Discontinues Credit Rating on NBC Legislative Global Covered Bonds, Series CBL19
- Morningstar DBRS Finalizes Provisional Credit Ratings on Ford Auto Securitization Trust II 2024-B
- Morningstar DBRS Publishes Updated Legal and Derivatives Criteria for Canadian Structured Finance
- Morningstar DBRS Confirms Credit Ratings of Bank of Montreal Global Registered Covered Bonds at AAA
- Morningstar DBRS Confirms Plaza Trust, Pure Grove Funding, and Storm King Funding at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on BMW Canada Auto Trust's Class A-2 Notes, Series 2022-1
- Morningstar DBRS Confirms Credit Ratings of Bank of Nova Scotia Global Registered Covered Bonds at AAA
- Morningstar DBRS Upgrades One Rating and Confirms Two Ratings on Ford Auto Securitization Trust 2021-A
- Morningstar DBRS Assigns Provisional Credit Ratings to Real Estate Asset Liquidity Trust, Series 2025-1
- Morningstar DBRS Confirms Credit Ratings on Series 2023-1 and 2024-1 Notes Issued by WTH Car Rental ULC
- Morningstar DBRS Confirms Plaza Trust's Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms the AAA (sf) Credit Rating on Banner Trust's Series C Facility E Loan
- Morningstar DBRS Confirms the AAA (sf) Credit Rating on Banner Trust's Series C Facility G Loan
- Morningstar DBRS Confirms Credit Ratings of Toronto-Dominion Bank Global Legislative Covered Bonds at AAA
- Morningstar DBRS Confirms King Street Funding Trust's Asset-Backed CP Promissory Notes at R-1 (high) (sf)
- Morningstar DBRS Finalizes Provisional Credit Ratings on Real Estate Asset Liquidity Trust, Series 2025-1
- Morningstar DBRS Upgrades Two Rating and Confirms Two Ratings on Ford Auto Securitization Trust II 2022-A
- Morningstar DBRS Upgrades Two Rating and Confirms Two Ratings on Ford Auto Securitization Trust II 2023-A
- Morningstar DBRS Confirms Zeus Receivables Trust's Senior Short-Term Asset-Backed Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings of National Bank of Canada Legislative Global Covered Bonds at AAA
- Morningstar DBRS Confirms Lakeshore Trust's Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)
- Morningstar DBRS Upgrades Credit Ratings on Eight Classes of Real Estate Asset Liquidity Trust, Series 2017
- Morningstar DBRS Upgrades One Rating and Confirms Three Ratings on Ford Auto Securitization Trust II 2024-A
- Morningstar DBRS Upgrades Two Ratings and Confirms Three Ratings on Ford Auto Securitization Trust II 2023-B
- Morningstar DBRS Upgrades Credit Ratings on Three Classes of Real Estate Asset Liquidity Trust, Series 2018-1
- Morningstar DBRS Confirms Ratings on Plaza Trust, Storm King Funding and Pure Grove Funding at R-1 (high) (sf)
- Morningstar DBRS Confirms Storm King Funding's Series 1 Asset-Backed Commercial Paper Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Bay Street Funding Trust's Short-Term ABN, Series 1, Class A Notes at R-1 (high) (sf)
- Morningstar DBRS Confirms Two Credit Ratings and Upgrades Two Credit Ratings on GMF Canada Leasing Trust 2023-1
- Morningstar DBRS Discontinues Credit Ratings on the Asset-Backed Notes of Ford Auto Securitization Trust 2020-A
- Morningstar DBRS Confirms Credit Rating on MACRO Trust's Senior Short Term Series 2017-1 Note at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Rating on Mortgage Loan Made to Morguard Corporation & 131 Queen Street Limited
- Morningstar DBRS Confirms Credit Ratings of the Laurentian Bank of Canada Legislative Covered Bonds at AA (high)
- Morningstar DBRS Discontinues Credit Rating on Silver Arrow Canada LP Series 2022-1 Class A-2 Asset-Backed Notes
- Morningstar DBRS Confirms Credit Rating on SAFE Trust's Senior Short-Term Notes, Series 1996-1 at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Rating on SURE Trust's Senior Short Term Notes, Series 2015-1 at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Ratings on All Classes of Real Estate Asset Liquidity Trust, Series 2019-HBC
- Morningstar DBRS Confirms Credit Rating on SOUND Trust's Senior Short-Term Notes, Series 1998-1 at R-1 (high) (sf)
- Morningstar DBRS Downgrades Credit Ratings on the Laurentian Bank of Canada Legislative Covered Bonds to AA (high)
- Morningstar DBRS Assigns AAA Credit Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL63
- Morningstar DBRS Confirms Credit Rating on STABLE Trust's Senior Short Term Notes, Series 2018-1 at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on CNH Capital Canada Receivables Trust, Class A-2 Notes, Series 2021-1
- Morningstar DBRS Discontinues Credit Rating on MBARC Credit Canada Inc., Series 2024-A Class A-1 Asset-Backed Notes
- Morningstar DBRS Confirms Credit Ratings on SAFE Trust, SOUND Trust, STABLE Trust, and SURE 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)
- Morningstar DBRS Confirms Credit Ratings on SAFE Trust, SOUND Trust, SURE Trust, and STABLE Trust at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of MCAP CMBS Issuer Corporation, Series 2014-1
- Morningstar DBRS Confirms Credit Rating on First Mortgage Bonds Issued by SEC LP and ARCI Ltd. (Suncor Energy Centre)
- Morningstar DBRS Confirms Credit Ratings on Pure Grove Funding, Plaza Trust and Storm King Funding at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on Equitable Bank (Global Legislative Covered Bond Programme), Series CBL1
- Morningstar DBRS Discontinues Credit Ratings on GMF Canada Leasing Trust's Class A-1 Asset Backed Notes, Series 2024-1
- Morningstar DBRS Discontinues Credit Ratings on GMF Canada Leasing Trust's Class A-2 Asset Backed Notes, Series 2023-1
- Morningstar DBRS Assigns Provisional Credit Rating of AAA (sf) to CHIP Mortgage Trust's Series 2024-1 Medium Term Notes
- Morningstar DBRS Confirms Credit Ratings on All Classes of Institutional Mortgage Securities Canada Inc., Series 2016-7
- Morningstar DBRS Finalizes Provisional Credit Rating of AAA (sf) on CHIP Mortgage Trust's Series 2024-1 Medium Term Notes
- Morningstar DBRS Assigns Provisional Credit Rating of (P) AAA (sf) to CHIP Mortgage Trust's Series 2025-1 Medium Term Notes
- Morningstar DBRS Finalizes Provisional Rating of R-1 (high) (sf) on Rideau Trail Funding Trust Series A Senior Short Term Notes
- Morningstar DBRS Assigns AAA Credit Ratings to TD Global Legislative Covered Bonds, Series CBL75, Series CBL76, and Series CBL77
- Morningstar DBRS Discontinues Credit Rating on Ford Auto Securitization Trust 2021-A, Asset-Backed Notes, Series 2021-A, Class A-2
- Morningstar DBRS Discontinues Its Credit Rating on Royal Bank of Canada (Global Covered Bond Programme) Covered Bonds, Series CB45
- Morningstar DBRS Discontinues Its Credit Rating on Royal Bank of Canada (Global Covered Bond Programme) Covered Bonds, Series CB49
- Morningstar DBRS Discontinues Its Credit Rating on Royal Bank of Canada (Global Covered Bond Programme) Covered Bonds, Series CB50
- Morningstar DBRS Discontinues Two Ratings on Prime Structured Mortgage (PriSM) Trust's Mortgage-Backed Certificates, Series 2020-1
- Morningstar DBRS Confirms Credit Ratings on Banner Trust, Reliant Trust, Merit Trust, and Zeus Receivables Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on Banner Trust, Reliant Trust, Merit Trust, and Zeus Receivables Trust at R-1 (high) (sf)
- Morningstar DBRS Finalizes Provisional Credit Ratings of AAA (sf), AA (high) (sf), and A (high) (sf) on HELOCS Trust, Series 2024-1
- Morningstar DBRS Confirms Credit Ratings on the Remaining Two Classes of Institutional Mortgage Securities Canada Inc., Series 2013-3
- Morningstar DBRS Upgrades Three Credit Ratings, Confirms Four Credit Ratings on Prime Structured Mortgage (PriSM) Trust, Series 2021-1
- Morningstar DBRS Confirms Pure Grove Funding Series 1 Asset-Backed Commercial Paper Notes, Class Maple and Class Oak at R-1 (high) (sf)
- Morningstar DBRS Discontinues Credit Rating on Bank of Nova Scotia (Global Registered Covered Bond Program) Covered Bonds, Series CBL20
- Morningstar DBRS Discontinues Credit Rating on Bank of Nova Scotia (Global Registered Covered Bond Program) Covered Bonds, Series CBL26
- Morningstar DBRS Discontinues Credit Rating on Bank of Nova Scotia (Global Registered Covered Bond Program) Covered Bonds, Series CBL34
- Morningstar DBRS Discontinues Credit Rating on Bank of Nova Scotia (Global Registered Covered Bond Program) Covered Bonds, Series CBL50
- Morningstar DBRS Discontinues Credit Ratings on All Remaining Classes of Institutional Mortgage Securities Canada Inc., Series 2014-5
- Morningstar DBRS Assigns Provisional Credit Rating of (P) R-1 (high) (sf) to Rideau Trail Funding Trust Series A Senior Short Term Notes
- Morningstar DBRS Discontinues Five Credit Ratings on Prime Structured Mortgage (PriSM) Trust's Mortgage-Backed Certificates, Series 2020-1
- Morningstar DBRS Discontinues Credit Rating on CNH Capital Canada Receivables Trust 2024-1, Class A-1 Receivable-Backed Notes, Series 2024-1
- Morningstar DBRS Assigns Provisional Credit Ratings of (P) AAA (sf), (P) AA (high) (sf), and (P) A (high) (sf) to HELOCS Trust, Series 2024-1
- Morningstar DBRS Discontinues Credit Ratings on Prime Structured Mortgage (PriSM) Trust's Mortgage-Backed Certificates, Series 2021-1 Class A Note
- Morningstar DBRS Confirms Credit Rating on Mortgage Loan Made to South Block (Concert) Ltd. and Jawl Precinct Lands Corporation - 525 Superior Street
- Morningstar DBRS Confirms Credit Rating on Meridian OneCap Limited Partnership's Variable Rate Equipment Contract Backed Notes, Series 2016-1, Class A
- Morningstar DBRS Changes Trends on Two Classes of Canadian Commercial Mortgage Origination Trust 5 to Stable from Negative, Confirms All Credit Ratings
- Morningstar DBRS Confirms Merit Trust, Prime Trust, Zeus Receivables Trust, Banner Trust, Reliant Trust, and Rideau Trail Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Merit Trust, Prime Trust, Zeus Receivables Trust, Banner Trust, Reliant Trust, and Rideau Trail Funding Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Rideau Trail Funding Trust, Prime Trust, Banner Trust, Reliant Trust, Merit Trust, and Zeus Receivables Trust at R-1 (high) (sf)
- Morningstar DBRS Assigns Rating of A (high) (of), Stable Trend, to the Mortgage Loan Made to 869107:11 Faubourg Boisbriand Shopping Centre Holdings Inc.
- Morningstar DBRS Confirms Credit Ratings on Merit Trust, Prime Trust, Reliant Trust, Rideau Trail Funding Trust, and Zeus Receivables Trust at R-1 (high) (sf)
- Morningstar DBRS Confirms Credit Ratings on Enercare HS Portfolio Limited Partnership and Enercare Inc.'s Variable Rate Equipment Contract Backed Loans, Series 2019-1
- Morningstar DBRS Assigns Provisional Credit Rating of (P) R-1 (high) (sf) to Temperance Street Funding Trust's Series 1 Asset-Backed Commercial Paper Notes, Class Polar
Contacts
- Shubhreen Dosanjh
Vice President - Canadian Structured Finance Ratings, Legal
+(1) 416 597 7459
shubhreen.dosanjh@morningstar.com - Sarah Bialas
Senior Vice President - Canadian Structured Finance Ratings, Legal
+(1) 416 597 7442
sarah.bialas@morningstar.com - Tim O'Neil
Managing Director - Canadian Structured Finance Ratings
+(1) 416 597 7477
tim.oneil@morningstar.com - Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com
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