DBRS Discontinues Rating on Class A Secured Floating Rate Notes issued by Northern Blue 2009 S.A.

DBRS, Inc. (“DBRS”) has today discontinued the public rating on the EUR 755,600,000 Class A Secured Floating Rate Notes (the “Class A Notes”) issued by Northern Blue 2009 S.A. (the “Issuer”) under a Termination Notice dated 3 April 2012.

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

The sources of information used for this rating include the parties involved in the rating including but not limited to HSH Nordbank AG as originator and servicer. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

For additional information on this rating, please see www.dbrs.com/issuer/17758.

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
Surveillance Analyst: Ryan O’Shea
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 28 February 2011
Most Recent Rating Update: 19 March 2012

Note:
All figures are in Euro unless otherwise noted.