Maturity of MINT 2005-1 LTD Notes Gets Extended Due to Credit Event

DBRS today understands that due to a credit event that occurred earlier this year the maturity of the outstanding notes issued by MINT 2005-1 LTD (MINT) has been extended until later this year in accordance with the terms of relevant transaction documents. DBRS confirmed the ratings of Series 2A, Series B1 and Series B2 Notes in April, each series at C (sf).

DBRS has today also discontinued the ratings on the Series B3 and Series 2B-1 Notes (the Notes) issued by MINT. The ratings have been discontinued because the Notes are no longer outstanding.

Notes:
The applicable methodologies are Rating Methodology for CLOs and CDOs of Large Corporate Credit (February 2012) and Canadian Surveillance Methodology for CDOs of Large Corporate Credit (February 2012), which can be found on our website under Methodologies.