Moody's assigns provisional ratings to SSTRT 2017-1, Bank of Nova Scotia sponsored Canadian prime auto loan transaction
Toronto, February 03, 2017-- Moody's Investors Service, has assigned provisional ratings of P-1 to the Class A-1 notes and Aaa to the Class A-2a, A-2b, A-3 and A-4 notes to be issued by Securitized Term Auto Receivables Trust 2017-1. This is the second term auto loan-backed transaction sponsored by Bank of Nova Scotia following the issuance of SSTRT 2016-1 in October 2016. The notes are collateralized by a pool of retail automobile loan receivables originated by BNS.
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