Press Release

DBRS Upgrades and Confirms Ratings on Notes Issued by Ambrose 2014-6

Structured Credit
May 03, 2016

DBRS, Inc. (DBRS) has today confirmed the ratings on the Class A1, Class A2 and Class B Notes issued by Ambrose 2014-6 pursuant to the Indenture dated as of October 8, 2014, at AAA (sf), AAA (sf) and A (low) (sf), respectively. Additionally, DBRS has today upgraded the rating on the Class C Notes to BBB (sf) from BBB (low) (sf).

The Class A1 Notes, Class A2 Notes, Class B Notes and Class C Notes (collectively, the Notes) issued by Ambrose 2014-6 are collateralized primarily by a portfolio of private placement corporate bonds and global project finance securities. AIG Asset Management (U.S.), LLC acts as the collateral manager for Ambrose 2014-6.

The ratings on the Notes address the timely payment of interest and the ultimate payment of principal on or before the Stated Maturity. The ratings on the Class A1 Notes and Class B Notes do not address any other amounts that may be paid to the noteholders, including but not limited to, their respective Additional Amounts.

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

The applicable methodology is Rating CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

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

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

Ratings

Ambrose 2014-6
  • Date Issued:May 3, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 3, 2016
  • Rating Action:Confirmed
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 3, 2016
  • Rating Action:Confirmed
  • Ratings:A (low) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • Date Issued:May 3, 2016
  • Rating Action:Upgraded
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:US
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.