DBRS Discontinues the Ratings on Glacier Securities Limited-Series 2011-3

DBRS Ratings Limited (DBRS) has discontinued its ratings on the notes issued by Glacier Securities Limited-Series 2011-3. The following ratings have been discontinued due to repayment of the notes:

• Class A previously rated at AAA (sf), is now rated Disc-Repaid
• Class B previously rated AA (sf), is now rated Disc-Repaid and
• Class C previously rated ‘A’ (sf) is now rated Disc-Repaid

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

The sources of information used for this rating include the notice to the holders of the notes and Bloomberg. DBRS considers the information available to it for the purposes of this rating action was of satisfactory quality.

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

Lead Analyst: Kali Sirugudi
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: November 8, 2011
Most Recent Rating Update: December 14, 2012