DBRS Discontinues Rating on Totta Consumer No. 1

DBRS Ratings Limited (DBRS) has discontinued its ratings on the Class A notes issued by Totta Consumer No. 1 due to repayment of the notes. The Class A notes previously rated AA (high) (sf) are now rated Disc- Repaid. Additionally, DBRS removed the Class A notes from Under Review with Negative Implications (see “DBRS Ratings Limited Puts 23 Classes from 16 European ABS Structured Finance Transactions Under Review with Negative Implications”, published on May 25, 2012).

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
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: 27 June 2011