Credit Rating Report

Pure Grove Funding, Series 1 Asset-Backed Commercial Paper Notes, Class Maple Transaction 99

ABCP

Summary

As issuer of the Series 1 Asset-Backed Commercial Paper Notes (the Notes), Pure Grove Funding (the Conduit) entered into a funding agreement with a special-purpose vehicle (the SPV) to advance a secured loan to the SPV for the purpose of the SPV’s purchase of the Portfolio of Loans originated by a captive auto finance company (the Seller) operating in Canada.

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