Press Release

DBRS Withdraws Rating on the TRS Re: Lincoln Avenue ABS CDO, Ltd.

Structured Credit
January 21, 2014

DBRS, Inc. (“DBRS”) has today withdrawn the rating on the total return swap (TRS) referencing the Class A-1 Notes issued by Lincoln Avenue ABS CDO, Ltd. The DBRS rating addressed the ultimate return of interest and principal of the TRS on or before the legal final maturity of the Class A-1 Notes.

This rating action reflects payment in full of the TRS.

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

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

Ratings

TRS Referencing Lincoln Avenue ABS CDO, Ltd.
  • Date Issued:Jan 21, 2014
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • 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

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.