DBRS Upgrades Revolving Credit Facility issued by Cerberus Offshore Levered I L.P. to AA (high) (sf)

DBRS, Inc. (“DBRS”) has today upgraded the Revolving Credit Facility (up to a total commitment amount of $40,796,290.11) issued by Cerberus Offshore Levered I L.P. (“Cerberus”) to AA (high) (sf) from AA (low) (sf). Cerberus is collateralized primarily by a portfolio of U.S. middle market corporate loans and other corporate obligations. The DBRS rating addresses Cerberus’ ability to make timely payments of interest and ultimate payments of principal on or before the Final Maturity Date of the Revolving Credit Facility.

The above rating action is due to the update of the principal methodology, Rating Methodology for CLOs and CDOs of Large Corporate Credit.

The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

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

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