DBRS Assigns, Confirms and Withdraws Ratings to Notes Issued by Salus CLO 2012-1, Ltd.

Ratings

• Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  25-Sep-13	Additional Class A-2 Notes	AAA (sf)	--	New Rating	US
  25-Sep-13	Class A-1 Notes	AAA (sf)	--	New Rating	US
  25-Sep-13	Class A-2 Notes	AAA (sf)	--	Confirmed	US
  25-Sep-13	Additional Class B Notes	AA (sf)	--	New Rating	US
  25-Sep-13	Class B Notes	AA (sf)	--	Confirmed	US
  25-Sep-13	Additional Class C Notes	A (sf)	--	New Rating	US
  25-Sep-13	Class C Notes	A (sf)	--	Confirmed	US
  25-Sep-13	Additional Class D Notes	BBB (sf)	--	New Rating	US
  25-Sep-13	Class D Notes	BBB (sf)	--	Confirmed	US
  25-Sep-13	Additional Class E Notes	BB (sf)	--	New Rating	US
  25-Sep-13	Class E Notes	BB (sf)	--	Confirmed	US
  25-Sep-13	Class F Notes	Discontinued	--	Disc.-W/drwn	US
  25-Sep-13	Class X Notes	Discontinued	--	Disc.-Repaid	US

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