Credit Rating Report

Merit Trust, Prime Trust, Zeus Receivables Trust, Banner Trust, Reliant Trust, and Rideau Trail Funding Trust, Transaction 86 Summary

ABCP

Summary

DBRS Limited (Morningstar DBRS) confirmed the credit ratings on the Series A Senior Short Term Notes of Rideau Trail Funding Trust at R-1 (high) (sf). The rating confirmation is pursuant to the inclusion of a new transaction (Transaction 86) to the Trust on April 15, 2025. This is an existing transaction also co-funded by Banner Trust, Merit Trust, Prime Trust, Reliant Trust and Zeus Receivables Trust (Transaction 86).

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