Press Release

DBRS Discontinues Rating on Revolving Credit Facility Issued by Cerberus Offshore Levered I L.P.

Structured Credit
April 26, 2013

DBRS, Inc. (“DBRS”) has today discontinued the rating on the Revolving Credit Facility (up to a total commitment amount of $120,000,000) issued by Cerberus Offshore Levered I L.P. (the “Issuer”).

This rating action reflects payment in full of the Revolving Credit Facility under the Payoff Letter dated November 14, 2012.

The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

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

Note: All figures are in U.S. dollars unless otherwise noted.

Ratings

Cerberus Offshore Levered I L.P.
  • Date Issued:Apr 26, 2013
  • Rating Action:Disc.-Repaid
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.