DBRS Confirms and Discontinues Rating on Commercial Paper Issued by White Point Funding, Inc.

DBRS, Inc. (DBRS) confirmed and subsequently discontinued the rating of R-1 (middle) (sf) on the 4(2) Commercial Paper issued by White Point Funding, Inc. (the Conduit or the Issuer), sponsored by the Royal Bank of Canada (rated AA with a Positive trend by DBRS). As of today, the Conduit remains in place; however, there is no outstanding commercial paper (CP) or new CP being issued. The rating was withdrawn at the request of the Issuer.

The sources of information used for this rating include parties involved in the rating, including, but not limited to, the Royal Bank of Canada. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

Notes:
The principal methodology is Rating and Monitoring Asset-Backed Commercial Paper: U.S. ABCP Conduits, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

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