DBRS Withdraws Provisional Ratings on Callidus ABL 2016-1

DBRS, Inc. (DBRS) has today discontinued the following provisional ratings assigned to the loans (together, the Rated Loans) contemplated to be issued by Callidus ABL 2016-1:

-- $36,765,000 (CAD) Class A Loans due July 2024: discontinued-withdrawn
-- $28,658,257 (USD) Class A Loans due July 2024: discontinued-withdrawn
-- $6,189,394 (CAD) Class B Loans due July 2024: discontinued-withdrawn
-- $4,824,622 (USD) Class B Loans due July 2024: discontinued-withdrawn
-- $5,322,879 (CAD) Class C Loans due July 2024: discontinued-withdrawn
-- $4,149,175 (USD) Class C Loans due July 2024: discontinued-withdrawn
-- $3,713,636 (CAD) Class D Loans due July 2024: discontinued-withdrawn
-- $2,894,773 (USD) Class D Loans due July 2024: discontinued-withdrawn
-- $7,031,152 (CAD) Class E Loans due July 2024: discontinued-withdrawn
-- $5,480,771 (USD) Class E Loans due July 2024: discontinued-withdrawn

The discontinuation of the ratings on the above Rated Loans is due to the finalization of the Callidus ABL 2016-1 transaction under a different legal entity and structure: Callidus ABL Corporation.

To view the final ratings assigned to Loans issued by Callidus ABL Corporation, please click on the link under Related Research at the right of screen.

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.

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