DBRS Discontinues Ratings on Credit Default Swaps relating to 3 RMBS Transactions

DBRS has discontinued ratings on the following credit default swap contracts at the request of the counterparties:

--The credit default swap transaction between Natixis Financial Products, Inc. and Halyard Securities, LLC, referencing BNCMT Mortgage Loan Trust 2007-2, formerly rated A (sf), is now Discontinued

--The credit default swap transaction between Natixis Financial Products, Inc. and Halyard Securities, LLC, referencing IXIS Real Estate Capital Trust 2007-HE1, formerly rated A (sf), is now Discontinued

--The credit default swap transaction between Natixis Financial Products, Inc. and Halyard Securities, LLC, referencing Natixis Real Estate Capital Trust 2007-HE2, formerly rated A (sf), is now Discontinued

All transactions were performing in line with DBRS expectations for their respective ratings prior to their discontinuation.

Notes:
The applicable methodology is U.S. RMBS Surveillance, which can be found on our website under Methodologies.