IE Staff
(September 9 – 15:40 ET) – DBRS is assigning provisional ratings to
the securities to be issued by Hollis Receivables Term Trust –
its class A receivables-backed notes are rated AAA, the class B notes
are rated A, and the class C notes are rated BBB.
The trust owns Scotiabank’s pool of personal credit account
receivables. Its rating is based on its high level of credit
enhancement, Scotia’s strong underwriting standards, and the pool’s
good diversification characteristics.