DBRS Assigns AA Rating to a Credit Default Swap Entered Into by Diogenes CDO I, Ltd.

DBRS has today assigned a rating of AA to the counterparty credit risk of Diogenes CDO I, Ltd. (“Diogenes”) with respect to its ability to make any and all payments due under the credit default swap confirmations (“CDS”) governed by the ISDA Master Agreement, dated November 4 2005, between Deutsche Bank AG (“Deutsche Bank”) and Diogenes.

General Terms of the CDS:

Fixed Rate Payer: Deutsche Bank
Floating Rate Payer: Diogenes
Total Current Notional: $70,230,464

This Rating reflects the various forms of cash collateralization held by Diogenes, as well as the Deutsche Bank’s position as CDS Counterparty within legal structure of Diogenes.

The DBRS rating addresses the ultimate payment of the above referenced payments until the Scheduled Termination Date of the CDS.

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

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

This is a Structured Finance rating.