DBRS Discontinues Ratings of CPUK Mortgage Finance Limited

DBRS has today discontinued the ratings of CPUK Mortgage Finance Limited (CPUK), as listed in the below table.

This transaction originally consisted of a five-year, interest-only loan secured by the long leasehold interests in four Centre Parcs holiday villages located throughout the United Kingdom. The original securitised loan amount was £750 million, with a non-securitised subordinate B-note in the amount of £282 million.

As of the April 10, 2012, distribution date statement, the loan and all bond classes have been fully repaid. As such, DBRS has discontinued the ratings of all classes of this transaction.

Note:
All figures are in Pounds unless otherwise noted.

The applicable methodologies are European CMBS Methodology, CMBS European Surveillance Methodology, Legal Criteria for European Structured Finance Transactions, Unified Interest Rate Model for European Securitisations and Swap Criteria for European Structured Finance Transactions.