Press Release

DBRS Confirms 4 Ratings on Trade Receivables Transactions

ABCP, Structured Credit
November 17, 2011

DBRS, Inc. (“DBRS”) has confirmed four ratings to the trade receivables transactions administered by Natixis. The ratings address the timely payment of interest and ultimate payment of principal.

• Class A2 Units issued by FCT Arkemtic at A (high) (sf);
• Parts A2&B2 issued by FCC Aqueduc II at A (low) (sf);
• Class C1 & C2 Units issued by FCT Mercury at A (low) (sf);
• Class EIF Units issued by FCC Triple P at A (low) (sf).

The confirmations of the ratings reflect the ongoing performance of the Trade Receivables transactions.

The principal methodology applicable is U.S. Trade Receivables, which can be found on www.dbrs.com.

The sources of information used for this rating include parties involved in the rating, including but not limited to FCT Arkemtic, FCC Aqueduc II, FCT Mercury, FCC Triple P and Natixis. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

Lead Analyst: Matthew La Capra
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 30 June 2010, 31 March 2009, 31 March 2009, 31 March 2009 (respectively)

For additional information on these ratings, please see European Trade Receivables Linking Document.

This credit rating has been issued outside of the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

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

Ratings

FCC AQUEDUC II
  • Date Issued:Nov 17, 2011
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
FCT Arkemtic
  • Date Issued:Nov 17, 2011
  • Rating Action:Confirmed
  • Ratings:A (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USE
FCT Mercury
  • Date Issued:Nov 17, 2011
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
FCT Triple P
  • Date Issued:Nov 17, 2011
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.