DBRS Downgrades Alpine Securitization Corp. R-1 (middle) – Commercial Paper

DBRS, Inc. (DBRS) has today downgraded the rating of the Commercial Paper issued by Alpine Securitization Corp. (Alpine) to R-1 (middle)(sf) from R-1 (high)(sf). Alpine is an asset-backed commercial paper vehicle administered by Credit Suisse, New York branch.

The downgrade of Alpine is a direct reflection of DBRS’s recent downgrade of Credit Suisse AG’s short term rating to R-1 (middle)(sf) from R-1 (high). More information on the downgrade of Credit Suisse AG can be found on our website under Financial Institutions.

The sources of information used for this rating include parties involved in the rating, including but not limited to Credit Suisse AG. DBRS considers the information available to it for the purposes of providing this rating to be satisfactory.

The principal methodology used is Asset-Backed Commercial Paper Criteria Report: U.S. & European ABCP Conduits, which can be found on our website under Methodologies.

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For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.