DBRS Discontinues Cara Operations Limited’s Ratings

DBRS has today discontinued the Issuer Rating and Senior Secured Second-Lien Notes (the Notes) rating of Cara Operations Limited (Cara or the Company). The rating on the Notes is being discontinued as they have been repaid in full. The Issuer Rating is being discontinued at the request of the Company prior to resolving the Under Review with Positive Implications status (see press release dated November 8, 2013) due to insufficient information available to DBRS.

Notes:
The applicable methodology is Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.