Credit Rating Report

Banner Trust, Merit Trust, Prime Trust, Reliant Trust, Rideau Trail Funding Trust, and Zeus Receivables Trust: Transaction 33 Summary

ABCP

Summary

DBRS Limited (Morningstar DBRS) confirmed the credit ratings on the Series A Notes of Reliant Trust and the Series A Senior Short Term Notes of Rideau Trail Funding Trust at R-1 (high) (sf). The rating confirmations are pursuant to the inclusion of a new transaction (Transaction 33) to the Trusts on April 2, 2025. This is an existing transaction also co-funded by Banner Trust, Merit Trust, Prime Trust, and Zeus Receivables Trust (Transaction 33).

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