DBRS Discontinues the Rating on Glacier Securities Limited, Series 2010-2

DBRS Ratings Limited (DBRS) has discontinued the rating on Class A, Class B and Class C Notes of the Series 2010-2 issued by Glacier Securities Limited due to repayment of the notes on 06 June 2014. Class A, Class B and Class C Notes were previously rated ‘AAA’ (sf), ‘AA’ (sf), ‘A’ (sf), respectively, and they are now Discontinued - Repaid.

Notes:
All figures are in Sterling unless otherwise noted.

The principal methodology applicable is the Master European Structured Finance Surveillance Methodology

This can be found on www.dbrs.com at:
http://www.dbrs.com/about/methodologies

The sources of information used for this rating include an announcement provided by the Irish Stock Exchange.

DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

DBRS does not audit the information it receives in connection with the rating process, and it does not and cannot independently verify that information in every instance.

The last rating action on this transaction took place on 26 February 2013, when DBRS confirmed the rating of Class A, Class B and Class C Notes at ‘AAA’ (sf), ‘AA’ (sf), ‘A’ (sf), respectively.

Information regarding DBRS ratings, including definitions, policies and methodologies are available on www.dbrs.com.

For further information on DBRS historic default rates published by the European Securities and Markets Administration (“ESMA”) in a central repository, see:
http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Initial Lead Analyst: Kali Sirugudi
Initial Rating Date: 26 February 2012
Initial Rating Committee Chair: Claire Mezzanotte

Lead Surveillance Analyst: Dylan Cissou
Rating Committee Chair: Diana Turner

DBRS Ratings Limited
1 Minster Court, 10th Floor
Mincing Lane
London
EC3R 7AA
United Kingdom

Registered in England and Wales: No. 7139960