DBRS Assigns Ratings to Potential IRS Termination Payments

DBRS has today assigned the following ratings 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 Kodiak CDO I Ltd. (“Kodiak”) 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 19, 2006 between Kodiak and the Swap Counterparty.

1. Reference: 1371782B - Interest Rate Swap Termination Payment Date 08/07/2016; Swap Fixed Rate 5.5186%;
2. Reference: 1391852B - Interest Rate Swap Termination Payment Date 08/07/2011; Swap Fixed Rate 5.0415%;
3. Reference: 1408478B - Interest Rate Swap Termination Payment Date 08/07/2016; Swap Fixed Rate 5.344%;
4. Reference: 1417652B - Interest Rate Swap Termination Payment Date 08/07/2016; Swap Fixed Rate 5.2735%;
5. Reference: 1454799B - Interest Rate Swap Termination Payment Date 08/07/2016; Swap Fixed Rate 5.15%;
6. Reference: 1463072B - Interest Rate Swap Termination Payment Date 05/07/2016; Swap Fixed Rate 5.1487%;
7. Reference: 1498014B - Interest Rate Swap Termination Payment Date 08/07/2016; Swap Fixed Rate 5.0275%;
8. Reference: 1594788B - Interest Rate Swap Termination Payment Date 01/30/2012; Swap Fixed Rate 5.0975%;
9. Reference: 1609434B - Interest Rate Swap Termination Payment Date 08/07/2016; Swap Fixed Rate 5.165%;
10. Reference: 1644869B - Interest Rate Swap Termination Payment Date 05/07/2012; Swap Fixed Rate 5.2489%;
11. Reference: 1664889B - Interest Rate Swap Termination Payment Date 05/07/2012; Swap Fixed Rate 5.236%

The principal methodology is Rating Global High-Yield Loan Securitizations, Structured Loans and Tranched Credit Derivatives, 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.