DBRS Discontinues Ratings on BlueMountain CLO 2016-3 Ltd.

DBRS, Inc. (DBRS) has today discontinued the ratings on the Senior Funding Facility and the Mezzanine Funding Facility (together, the Facilities) issued by BlueMountain CLO 2016-3 Ltd. as per the Warehouse Amendment Agreement dated September 23, 2016. The discontinuations reflect the repayment in full of the Facilities.

The rating on the Senior Funding Facility addressed the timely payment of the Senior Base Interest Amount and the ultimate payment of Senior Funding Amounts on or before the Scheduled Maturity Date in May 2025. The rating on the Mezzanine Funding Facility addressed the ultimate payment of the Mezzanine Base Interest Amount and the ultimate payment of the Mezzanine Funding Amounts on or before the Scheduled Maturity Date in May 2025. For the avoidance of doubt, these ratings did not address the Senior Additional Interest Amount or the Mezzanine Additional Interest Amount.

Notes:
The applicable methodology is Rating CLOs and CDOs of Large Corporate Credit (February 2016), which can be found on our website under Methodologies.

This rating was initiated at the request of the rated entity.

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.