DBRS Confirms AA (sf) Rating on Credit Default Swap Entered into by Diogenes CDO I, Ltd.

DBRS, Inc. (DBRS) has today confirmed the AA (sf) rating on 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 confirmation 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.

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

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

The rating is endorsed by DBRS Ratings Limited for use in the European Union.