DBRS Assigns A (high) (sf) Ratings to the Senior Units Issued by FCT VEGA

DBRS, Inc. (“DBRS”) has assigned a rating of A (high) (sf) to the Class Am Senior Units, and a rating of A (high) (sf) to the Class Bm Senior Units issued by FCT VEGA. The rating addresses the timely payment of principal and interest.

The rating rationale for trade receivables is generally based on a portfolio’s ability to perform within certain thresholds for loss, dilution and carrying costs reserves, as well as other factors specific to trade receivables criterion.

The sources of information used for this rating include parties involved in the rating, including but not limited to FCT VEGA and Natixis. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating concerns a newly issued financial instrument. This is the first DBRS rating on this financial instrument.

The principal methodology is U.S. Trade Receivables, which can be found on our website under Methodologies.

The Rule 17g-7 Report of Representations and Warranties is hereby incorporated by reference and can be found on the Related Research section of this press release or by contacting us at info@dbrs.com.

For additional information on this rating, please see European Trade Receivables Linking Document.

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: Matthew La Capra
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 27 February 2012

Notes:
All figures are in Euros unless otherwise noted.