DBRS Confirms Rating on Credit Default Swap Entered into by Static Residential CDO 2005-C Ltd.

DBRS, Inc. (DBRS) has today confirmed the AA (sf) rating on the counterparty credit risk of Static Residential CDO 2005-C Ltd. (START 2005-C) with respect to its ability to make any and all payments due under the Credit Default Swap confirmation (CDS) governed by the ISDA Master Agreement, dated January 20, 2006, between Deutsche Bank AG (Deutsche Bank) and START 2005-C. This confirmation reflects the various forms of cash collateralization held by START 2005-C, as well as Deutsche Bank’s position as CDS Counterparty within the legal structure of START 2005-C. The DBRS rating addresses the timely and full 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.