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27.10.2016 17:53:00

Moody's: No rating impact on Hollis Receivables Term Trust II card ABS following 26 October 2016 removal of accounts

Toronto, October 27, 2016 -- Moody's Investors Service announced today that the removal of CAD 12 million of receivables (as of 31 August 2016) from Hollis Receivables Term Trust II ("Hollis Trust II") on 26 October 2016 (the removal) will not, in and of itself and at this time, result in the downgrade or withdrawal of the ratings currently assigned to the Class A outstanding notes issued by Hollis Trust II.

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