DBRS Confirms Ratings on Revelstoke CDO I Limited

DBRS Limited (DBRS) has today confirmed the ratings of the Class A-1 Notes, Class A-2 Notes and Class A-3 Notes issued by Revelstoke CDO I Limited (the Transaction) at CC (sf), C (sf) and C (sf), respectively.

The Transaction is exposed to pools of U.S. non-prime residential mortgages as well as other collateralized debt obligations backed by residential mortgages, among other assets. Because of decreasing quality of the underlying portfolio, DBRS expects that the Class A-1 Notes will have a partial recovery of principal and it is expected that holders of both the Class A-2 Notes and Class A-3 Notes will not receive any return of initial principal over the remaining term of the Transaction.

DBRS will release further updates on www.dbrs.com as appropriate.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The principal methodologies are Rating CLOs and CDOs of Large Corporate Credit (Mar 2017) and Canadian Surveillance Methodology for CDOs of Large Corporate Credit (Dec 2016), which can be found on dbrs.com under Methodologies., which can be found on our website under Methodologies.