DBRS Downgrades and Confirms Ratings on Notes Issued by Currus XX Limited

DBRS, Inc. (“DBRS”) has today downgraded the rating of the Senior Loan from AA (low) (sf) to A (low) (sf) and confirmed the rating of the Subordinate Loan issued by Currus XX Limited (“Currus XX”). The transaction is collateralized by a portfolio of Italian residential mortgage-backed-securities (RMBS). The DBRS ratings address Currus XX’s ability to make timely payments of interest and ultimate payment of principal on or before the Final Maturity Date.

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

The sources of information used for this rating include Currus XX Limited, Wells Fargo Bank International, UniCredit Bank AG, London Branch (“UCB”), and Deutsche Bank AG. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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 Euros unless otherwise noted.