DBRS Confirms R-1 (high) (sf) Rating of Alpine Securitization Corp.

DBRS has confirmed the rating of R-1 (high) (sf) for the Commercial Paper issued by Alpine Securitization Corp., an asset-backed commercial paper (“ABCP”) vehicle administered by Credit Suisse, New York branch.

The confirmation of the above rating is based on:

• Assignment and Novation Agreement dated September 30, 2011;

• Swingline Agreement dated September 30, 2011;

• Second Amended and Restated Credit and Liquidity Facility Agreement - Termination Agreement dated September 30, 2011;

• Multiple Asset Liquidity Asset Purchase Agreement – Termination Agreement dated September 30, 2011; and

• Global Liquidity Asset Purchase Amendment – Termination Agreement dated September 30, 2011.

The principal methodology is the Asset-Backed Commercial Paper Criteria Report: U.S. & European ABCP Conduits, which can be found on our website under Methodologies.

The sources of information used for this rating include parties involved in the rating, including but not limited to Credit Suisse, New York branch. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

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