DBRS Morningstar Updates Transaction Summary 61 of SOUND Trust and SURE Trust.

ENPNewswire-July 29, 2021--DBRS Morningstar Updates Transaction Summary 61 of SOUND Trust and SURE Trust

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Release date- 28072021 - DBRS Limited (DBRS Morningstar) released an updated transaction summary report that provides details on Transaction 61 of SOUND Trust and SURE Trust, which is secured by a Collateral Note backed by a portfolio of automobile, sport-utility vehicle, and light truck retail auto leases originated by a captive auto finance company operating in Canada.

The update reflects a one-year extension of the program and a change to available credit enhancement.

DBRS Morningstar considered additional analyses and, where appropriate, additional adjustments to expected performance as a result of the global efforts to contain the spread of the Coronavirus Disease (COVID-19) pandemic. DBRS Morningstar initially published macroeconomic scenarios on April 16, 2020. The scenarios were updated on June 18, 2021, and DBRS Morningstar's rating analysis reflect the updated scenarios. For details see https://www.dbrsmorningstar.com/research/380281. DBRS Morningstar's analysis considered impacts consistent with the moderate scenario in the referenced commentary.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.


The principal methodologies are Rating Canadian...

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