DBRS Confirms Merrill Lynch Derivative Products AG at AAA

DBRS has today confirmed the Counterparty Obligations rating of Merrill Lynch Derivative Products AG (MLDP) at AAA. The rating is based on the collateral, liquidity and capital requirements; the organizational structure; and the framework for operations of MLDP as set out in the Fifth Amended and Restated Intermediation and Security Agreement dated November 1, 2005, among MLDP, MLDP Holdings, Inc., Merrill Lynch Capital Services, Inc. and Merrill Lynch International Bank Limited.

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.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.