DBRS Discontinues Ratings of DECO 2011-CSPK Ltd.

DBRS has today discontinued the ratings of DECO 2011-CSPK Ltd. (the Trust) as the Trust was terminated with the May 2013 remittance following the repayment of the sole loan in the transaction. As such, this concludes the DBRS surveillance of this transaction.

Notes:
All figures are in British pounds unless otherwise noted.

The applicable methodologies are European CMBS Rating Methodology, European CMBS Surveillance, Unified Interest Rate Model for European Securitisations, Swap Criteria for European Structured Finance Transactions and Legal Criteria for European Structured Finance Transactions, which can be found on our website under Methodologies.

For further information on DBRS’ historical default rates published by the European Securities and Markets Authority (ESMA) in a central repository, see http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

For additional information on this rating, please see the European Disclosure Requirements, located at http://www.dbrs.com/research/237777.

The sources of information used for this rating include parties involved in the rating, including but not limited to Deutsche Bank AG (London Branch), The Blackstone Group L.P. and DECO 2011-CSPK Ltd. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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

Lead Analyst: Scott Goedken
Rating Committee Chair: Erin Stafford
Initial Rating Date: 6 June 2011