DBRS Confirms Rating on Revolving Credit Facility issued by Cerberus Offshore Levered I L.P.

DBRS, Inc. (“DBRS”) has today confirmed the AA (high) (sf) Rating of the Revolving Credit Facility (up to a total commitment amount of $120,000,000) issued by Cerberus Offshore Levered I L.P. (“Cerberus”). 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 November 30, 2018 of the Revolving Credit Facility.

The above rating action is due to the Amendment No. 1 dated as of April 27, 2012 to the Credit Agreement dated as of September 15, 2011.

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.