DBRS Discontinues, Upgrades and Confirms Ratings on Notes Issued by Ambrose 2013-4

DBRS, Inc. (DBRS) discontinued the rating on the Class A1 Notes issued by Ambrose 2013-4 due to repayment. DBRS also upgraded Ambrose 2013-4’s Class B Notes to AA (low) (sf) from A (sf) and confirmed its Class A2 Notes at AAA (sf). The Class A1, Class A2 and Class B Notes (collectively, the Notes) were issued by Ambrose 2013-4 pursuant to the Indenture dated as of July 19, 2013.

The Notes are collateralized primarily by a portfolio of investment-grade corporate bonds and structured finance securities. AIG Asset Management (U.S.), LLC acts as the collateral manager for Ambrose 2013-4. DBRS considers AIG Asset Management (U.S.), LLC to be an acceptable collateral manager.

The ratings on the Notes address the timely payment of interest and the ultimate payment of principal on or before the Stated Maturity date. The rating on the Class B Notes does not address any other amounts that may be paid to noteholders, including but not limited to their respective Additional Amounts.

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.

Please see the related appendix for additional information regarding the sensitivity of assumptions used in the rating process.

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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