Credit Rating Report

Pure Grove Funding: Rating Report

ABCP

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional rating of R-1 (high)(sf) on the Series 1 Asset-Backed Commercial Paper Notes, Class Maple (the Notes) issued by Pure Grove Funding (the Conduit). The Conduit is a multiseller, asset-backed commercial paper conduit administrated by its financial services agent, Royal Bank of Canada.

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