Credit Rating Report

Canadian Master Trust - Transaction 32, and Ridge Trust - Transaction 31 Summary

ABCP

Summary

DBRS Limited (DBRS Morningstar) confirmed its ratings on the Series A Notes issued by Canadian Master Trust (CMT) and the Series A Notes issued by Ridge Trust (Ridge; collectively, the Trusts) at R-1 (high) (sf). The rating confirmations are based on the addition of a new transaction to the Trusts (Transaction 32 to CMT and Transaction 31 to Ridge) on September 17, 2020.

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