DBRS Confirms AAA (sf) Rating of the Credit and Repackaged Securities Limited Series 2007-19 Trust

DBRS has today confirmed the rating of AAA (sf) to the US$200,000,000 Leveraged Multi-Swap Notes due June 20, 2013 issued by Credit and Repackaged Securities Limited Series 2007-19 Trust (“CARS 2007-19”).

CARS 2007-19 is a leveraged, static synthetic collateralized debt obligation (CDO) that references to the CDX HiVol4, CDX HiVol8, CDX.IG4, CDX.IG5, CDX.IG6 indices and their associated reference entities. The confirmation of the rating reflects the ongoing performance of the transaction.

The principle methodologies are Rating Global High-Yield Loan Securitizations, Structured Loans and Tranched Credit Derivatives and The CDO Toolbox, which can be found on our website under Methodologies.

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