DBRS Discontinues Rating on the Class A1 Notes Issued by Ambrose 2014-6
Structured CreditDBRS, Inc. (DBRS) has today discontinued the rating of AAA (sf) on the Class A1 Notes issued by Ambrose 2014-6 pursuant to the Indenture dated as at October 8, 2014. The discontinuation reflects the full repayment of the outstanding Class A1 Notes.
The Class A1 Notes issued by Ambrose 2014-6 were primarily collateralized 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 rating on the Class A1 Notes addressed the timely payment of interest and ultimate payment of principal on or before the Stated Maturity. The rating on the Class A1 Notes did not address any other amounts that may be paid to the noteholders, including, but not limited to, their respective Additional Amounts.
Notes:
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.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.
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