Pure Grove Funding: Rating Report

DBRS Limited (DBRS Morningstar) finalized its provisional rating of R-1 (high) (sf) on the Series 1 Asset-Backed Commercial Paper Notes, Class Oak (Class Oak Notes) and confirmed its rating of R-1 (high) (sf) on the Series 1 Asset-Backed Commercial Paper Notes, Class Maple (Class Maple Notes; collectively, 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.