DBRS Confirms AA (sf) Rating to CDS Entered Into by Diogenes CDO I, Ltd.

DBRS, Inc. (“DBRS”) has today confirmed the rating of AA (sf) to the counterparty credit risk of Diogenes CDO I, Ltd. (“Diogenes”) with respect to its ability to make any and all payments due under the credit default swap confirmations (“CDS”) governed by the ISDA Master Agreement, dated November 4, 2005, between Deutsche Bank AG (“Deutsche Bank”) and Diogenes.

This Rating reflects the various forms of cash collateralization held by Diogenes, as well as Deutsche Bank’s position as CDS Counterparty within the legal structure of Diogenes. The DBRS rating addresses the ultimate payment of the above referenced payments until the Scheduled Termination Date of the CDS.

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

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