DBRS Downgrades to D (sf) and Withdraws Three Ratings of TABS 2005-2 Oakville Limited

DBRS Limited (DBRS) has today both downgraded to D (sf) from C (sf) and withdrawn the ratings of the Class A-1 Notes, Class A-2 Notes and Class B Notes (collectively, the Notes) issued by TABS 2005-2 Oakville Limited (the Issuer), as the underlying assets were sold during the auction that took place on August 3, 2016, following the assignment of the whole of the Issuer’s undertaking and assets to the Trustee as security for the payment and discharge of the Notes.

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 (March 2017) and Canadian Surveillance Methodology for CDOs of Large Corporate Credit (December 2016), which can be found on dbrs.com under Methodologies.