DBRS Discontinues Rating on Interest Rate Swap Payment of Altius III Funding Ltd.

DBRS, Inc. (DBRS) has today discontinued the AA (sf) rating on the potential Interest Rate Swap Termination Payments including all interest due which may be owed to the interest rate swap counterparty (Swap Counterparty) under an Event of Default, where Altius III Funding Ltd. (Altius III) is the sole defaulting party as a result of a Failure to Pay or Deliver as defined in section 5(a)(i) of the ISDA Master Agreement executed on September 28, 2006, between Altius III and the Swap Counterparty. The discontinuation reflects a payment in full of the Interest Rate Swap Termination Payments.

Notes:
The principal methodology is Rating Structured Finance CDO Restructurings, 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.