DBRS Discontinues Rating on Loan Issued by Dryden 70 CLO, Ltd.

DBRS, Inc. (DBRS) discontinued the rating on the Lender Funding Facility (the Facility) issued by Dryden 70 CLO, Ltd. per the Warehouse Agreement dated as of May 22, 2018. The discontinuation reflects the repayment in full of the Facility.

The rating on the Facility addressed the timely payment of the Lender Base Interest Amount and Lender Additional Payment Amounts and the ultimate payment of the Outstanding Lender Funding Amounts on or before the Scheduled Maturity Date in May 2027. For the avoidance of doubt, this rating did not address the Lender Additional Interest Amount.

Notes:
The principal methodology is Rating CLOs and CDOs of Large Corporate Credit, which can be found on dbrs.com under Methodologies & Criteria.

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

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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