DBRS Morningstar released an updated rating report for Prime Trust (the Trust) after its conversion to a mortgage-only Asset-Backed Commercial Paper conduit on July 27, 2023. The Trust is a multi-seller, residential mortgage securitization program administered by TD Securities Inc. that issues Senior Short-Term Asset-Backed Notes rated R-1 (high) (sf) by DBRS Morningstar.
DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Transaction 95 of Merit Trust, Prime Trust, Zeus Receivables Trust, and Reliant Trust, which consists of a portfolio of Alt-A, conventional, and second-lien residential mortgages originated by a large mortgage finance company operating in Canada. The update reflects the addition of first- and second-lien home equity lines of credit to the pool.
DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report providing details of Transaction 79 in Prime Trust, Merit Trust, Banner Trust, and Zeus Receivables Trust, which consists of a portfolio of fixed-rate monthly, quarterly, semi-annual, and annual pay lease and loan contracts secured by primarily new small and mid-ticket equipment. The update reflects an extension of the program by one year and an increase in the program limit to $600 million, among other things.
DBRS Limited (DBRS Morningstar) confirmed its rating of R-1 (high) (sf) on the Senior Short-Term Asset-Backed Notes issued by Prime Trust as part of its annual review of publicly rated asset-backed commercial paper conduits. The confirmation is part of DBRS Morningstar’s continued effort to provide timely credit rating opinions and increased transparency to market participants.
DBRS Limited released an updated Transaction Summary report that provides details on Transaction 77 of Banner Trust, Merit Trust, Prime Trust, and Zeus Receivables Trust, which is secured by a portfolio of retail auto lease receivable contracts and related lease vehicles. The update reflects an increase to the program limit.
DBRS Limited (DBRS Morningstar) confirmed the Senior Short-Term Asset-Backed Notes of Merit Trust, Prime Trust, and Zeus Receivables Trust and the Series A Notes of Banner Trust and Reliant Trust (collectively, Merit Trust, Prime Trust, Zeus Receivables Trust, Banner Trust, and Reliant Trust are the Trusts) at R-1 (high) (sf). The rating confirmations are pursuant to the inclusion of a new transaction (Transaction 97) to the Trusts on August 30, 2022.
DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report providing details of Transaction 79 in Prime Trust, Merit Trust, Banner Trust, and Zeus Receivables Trust, which consists of a portfolio of fixed-rate monthly, quarterly, semi-annual, and annual pay lease and loan contracts secured by primarily new small and mid-ticket equipment.
DBRS Limited (DBRS Morningstar) confirmed its ratings on the Series A Notes of Banner Trust and Reliant Trust and the Senior Short-Term Asset-Backed Notes of Merit Trust, Prime Trust, and Zeus Receivables Trust (collectively, with Banner Trust and Reliant Trust, the Trusts) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction to the Trusts (Transaction 96) on August 18, 2022.
DBRS Limited (DBRS Morningstar) released an updated Transaction Summary report that provides details on Transaction 85 of Merit Trust, Prime Trust, Zeus Receivables Trust, and Reliant Trust, which is secured by a pool of conventional residential mortgages originated by a credit union in Ontario.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.