DBRS Confirms Rating on Credit Default Swap Entered into by Commodore CDO IV, Ltd.

DBRS, Inc. (DBRS) has today confirmed the AA (sf) rating on the counterparty credit risk of Commodore CDO IV, Ltd. (Commodore) with respect to its ability to make any and all payments due under the Credit Default Swap confirmations governed by the ISDA Master Agreement, dated August 19, 2005, between Deutsche Bank AG and Commodore.

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.