DBRS Discontinues the Ratings to MAGENTA S.T. Compartment 2010 – 007 – Free Mobility

DBRS Ratings Limited (DBRS) has discontinued the AA (sf) rating assigned to the liquidity facility supporting the Registered Notes provided by Natixis within the ABCP conduit Managed and Enhanced TAP (MAGENTA) Funding S.T. to Compartment 2010-007-Free Mobility. The ratings are discontinued following the repayment of the Registered Notes and cancellation of the liquidity facility on 20 August 2013.

The principal methodology 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 Settlement Agreement provided by the liquidity provider. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

The most recent rating action on this transaction took place on 12 December 2012 when the ratings were confirmed.

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

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

Initial Lead Analyst: Alessio Pignataro
Initial Rating Date: 5 November 2010
Rating Committee Chair: Claire Mezzanotte

Lead Surveillance Analyst: Keith Gorman
Rating Committee Chair: Chuck Weilamann

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