DBRS Discontinues Rating on the Class A Notes Issued by Melepard CDO 1 Limited

DBRS, Inc. (“DBRS”) has today discontinued the rating on the Class A Asset Backed Floating Rate Notes (the “Class A Notes”) issued by Melepard CDO 1, Limited (the “Issuer”). The rating addressed the timely payment of interest and ultimate payment of principal payable to the Class A Notes on or before the Final Maturity Date of January 2023.

The rating action reflects full amortization of the Class A Notes pursuant to the redemption notice dated 19 July 2013.

The principal methodologies applicable are “Rating Methodology for CLOs and CDOs of Large Corporate Credit” and “Mapping Financial Institution Internal Ratings to DBRS Ratings for Structured Credit Transactions”, which can be found on www.dbrs.com.

The sources of information used for this rating include The Governor and Company of the Bank of Ireland. 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.

For more information on this credit or this industry, visit www.dbrs.com or contact at info@dbrs.com.

Lead Analyst: Glen Leppert
Surveillance Analyst: Omesh Lal Shrestha
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 24 February 2011
Most Recent Rating Update: 9 January 2013