DBRS Discontinues Rating on Galleon-LeaseTrend Liquidity Agreement

DBRS Ratings Limited (DBRS) has discontinued its rating on the Galleon-LeaseTrend Liquidity Agreement. The liquidity agreement is related to a receivables purchase agreement under which Galleon Capital LLC undertook to purchase certain leases from LeaseTrend AG. The liquidity agreement is being transferred to another ABCP conduit and thus the rating is no longer needed. The rating has been discontinued-withdrawn.

Notes:
The applicable methodology is the Master European Structured Finance Surveillance Methodology, which can be found on our website under Methodologies.

Lead Analyst: Bruno Franco
Surveillance Analyst: Lain Javier Gutierrez, Mark Zelmanovoch
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: 7 April 2011