DBRS Discontinues Rating on Private VCL 2009-3

DBRS, Inc. (DBRS) has discontinued its ratings on the Private VCL 2009-3 notes. The follow ratings have been discontinued due to repayment of the notes:

• Class A previously rated AAA (sf) is now rated Disc-Repaid
• Class B previously rated AAA (sf) is now rated Disc-Repaid

Notes:

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

The sources of information used for this rating include the Notice to the holders of the Notes. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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: Keith Gorman

Rating Committee Chair: Claire Mezzanotte

Initial Rating Date: 24 February 2011

Most Recent Rating Update: 24 February 2012