DBRS Confirms Rating on the TRS Re: Grand Avenue CDO I, Ltd.

DBRS, Inc. (“DBRS”) has today confirmed the rating on the total return swap (TRS) referencing Grand Avenue CDO I, Ltd.’s Class A-1 Notes at BB (sf). The DBRS rating addresses the ultimate return of interest and principal of the TRS on or before the legal final maturity of the Class A-1 Notes, taking into account the Credit Enhancement.

The primary methodology is the Rating Global Structured Finance CDO Restructurings, which can be found on our website under Methodologies.

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