DBRS Discontinues Rating on Class B CDS Re: Terra II Mezzanine CLO LLC

DBRS Ratings Limited (“DBRS”) has today discontinued the ratings on Class B1, Class B2, and Class B3 Credit Default Swaps (“CDS”) entered into by Terra II Mezzanine CLO LLC (the “Issuer”) and Citibank, N.A., London Branch (the “Swap Counterparty”).

The rating action reflects termination of the transaction in full as of 16 October 2012 (the “Accelerated Payment Date”). All further rights and obligations of the Issuer and Swap Counterparty in relation to this transaction will be released and discharged pursuant to the Termination Confirmation of Transaction dated 16 October 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 Citigroup. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

Lead Analyst: Simon Ross
Surveillance Analyst: Orest Gavrylak
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 17 August 2010
Most Recent Rating Update: 24 February 2012

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Notes:
All figures are in EUR unless otherwise noted.