DBRS Withdraws Ratings of Interest Rate Swap Payments of Kodiak CDO I, Ltd.

DBRS, Inc. (“DBRS”) has today discontinued the ratings on the Interest Rate Swap Ref. 1644869B and the Interest Rate Swap Ref. 1664889B as defined under the ISDA Master Agreement and Interest Rate Swap Confirmations executed on September 19, 2006 betweeen the Issuer and the Interest Rate Swap Counterparty. This action reflects the maturity of the interest rate swaps as anticipated on May 7, 2012.

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

The sources of information used for this rating include Kodiak CDO I, Ltd. and the Interest Rate Swap Counterparty. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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.