DBRS Discontinues Reindeer 2003-2 Ratings

DBRS has today discontinued the Reindeer 2003-2 CDO Tranche B and Tranche C ratings. Tranche B was issued in funded note form as Pioneer Trust Series 7 and 8, and Tranche C was issued in funded note form as Pioneer Trust Series 9 and 10. The scheduled termination of the Reindeer CDO credit default swaps and the final maturity date of the transaction was December 20, 2008. The Pioneer Trust Series 2 4.97% Secured Notes and Series 4 and 5 Variable Rate Secured Notes matured on January 15, 2008, and their ratings have been discontinued.

Notes:
The applicable methodology is Rating Canadian Structured Credit Transactions which can be found on our website under Methodologies.

This is a Structured Finance rating.