DBRS Assigns BBB (low) (sf) Rating to Potential IRS Termination Payments Re: Altius III Funding Ltd.

DBRS has today assigned a rating of BBB (low) (sf) to the Interest Rate Swap Termination Payments including all the interest due (“Potential Termination Payment”) which may be owed to the interest rate swap counterparty (“Swap Counterparty”) under an Event of Default, where Altius III Funding Ltd. (“Altius III”) is the sole defaulting party due to a Failure to Pay or Deliver as defined in section 5(a)(i) of the ISDA Master Agreement (“Agreement”) executed on September 28, 2006 between Altius III and the Swap Counterparty.

The applicable public methodologies are Rating US & European Structured Finance CDO Restructurings and Legal Criteria for U.S. Structured Credit Transactions, which can be found on our website under Methodologies.

This rating is based on information provided by the Swap Counterparty.

Note:
All figures are in dollars unless otherwise noted.

This rating did not include issuer participation and is based solely on publicly available information.