DBRS Discontinues Rating on CDS Entered into by Collenswood Limited

DBRS, Inc. (“DBRS”) has today discontinued the public ratings on the credit default swap entered into by Collenswood Limited (“QED”) and Deutsche Bank AG, referencing a EUR 7,012,736,895 portfolio of static Dutch small- to medium-sized enterprise loans (“SME loans”), under a Termination Agreement dated 30 January 2012.

The principal methodology is Master European Granular Corporate Securitisations (SME CLOs), which can be found on www.dbrs.com 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.

Lead Analyst: Glen Leppert
Rating Committee Chair: Jerry van Koolbergen
Most Recent Rating Update: 11 March 2011

Note:
All figures are in Euro unless otherwise noted.