DBRS Discontinues the Rating on the Class M Units of FCT Pacific EUR

DBRS, Inc. (DBRS) has today discontinued the rating of A (low) (sf) on the Class M Units issued by FCT Pacific EUR (the Issuer). On January 22, 2016, the Class M Units were put Under Review with Developing Implications based on new information presented to DBRS by Natixis. DBRS has completed its analysis and has concluded that the transaction, as currently constructed, no longer permits an analysis consistent with that performed for the original transaction. Consequently, DBRS is discontinuing the rating of A (low) (sf).

This trade receivable transaction was administered by Natixis and has been publicly rated by DBRS since September 2010.

The sources of information used for this rating include parties involved in the rating, including, but not limited to FCT Pacific EUR and Natixis. DBRS considers the information available to it for the purposes of providing this discontinuation to be satisfactory.

Lead Analyst: Matthew La Capra
Rating Committee Chair: Jerry van Koolbergen

The principal methodology is Trade Receivables, which can be found on our website under Methodologies.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

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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.