DBRS Confirms and Discontinues Ratings on the Potential Interest Rate Swap Termination Payments Referencing Kodiak CDO I Ltd.

DBRS, Inc. (DBRS) has today confirmed the ratings to the Potential Interest Rate Swap Termination Payments, including all the interest due (Potential Termination Payment), which may be owed to the interest rate swap counterparty under an Event of Default, where Kodiak CDO I Ltd. (Kodiak) is the sole defaulting party due to a Failure to Pay or Deliver as defined in section 5(a)(i) of the ISDA Master Agreement executed on September 19, 2006.

DBRS has also discontinued the ratings on the Interest Rate Swap Ref. 1463072B reflecting the maturity of the interest rate swaps as anticipated on May 7, 2016.

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.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.