DBRS Discontinues Ratings on Fishbowl Master Trust B.V., Series 2011-1 Class A1 Notes

DBRS, Inc. (DBRS) has discontinued its ratings on the Series 2011-1 Class A1 notes issued by Fishbowl Master Trust B.V. (the Issuer) due to repayment of notes. The notes were repaid in full today upon reaching the optional call date. The Issuer repaid the notes with principal available proceeds and proceeds from the repurchase of Mortgage Receivables. The repurchased Mortgage Receivables were randomly selected as described in the Deed of Repurchase for each Asset Purchaser. The notes previously rated AAA (sf) are now rated Disc.-Repaid.

Note:
The principal methodology applicable is the Master European Structured Finance Surveillance Methodology, which can be found on www.dbrs.com.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Quincy Tang
Lead Surveillance Analyst: Keith Gorman
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: 14 July 2011
Most Recent Rating Update: 14 July 2011