DBRS Changes Trend on Bridge CDO, LLC to Negative

DBRS has today changed the trend on the $150 Million Facility (the Facility) issued by Bridge CDO, LLC (Bridge) to Negative from Stable. The Facility is collateralized by a portfolio of U.S. high-yield corporate loans. The DBRS rating addresses Bridge’s ability to make timely payments of interest and the final payment of principal on the Facility’s legal maturity date.

The change in trend reflects the deterioration in credit quality of the underlying collateral pool since the transaction was initially assigned a DBRS credit rating on July 1, 2008.

The applicable public methodology is Rating Global High-Yield Loan Securitizations, Structured Loans and Tranched Credit Derivatives, which can be found on our website under Methodologies.

Note:

All figures are in U.S. dollars unless otherwise noted.

This is a Structured Finance rating.