DBRS Confirms Rating of Saler 12 Limited at AA (sf)

DBRS, Inc. (DBRS) has today confirmed the rating of AA (sf) on the Notes issued by Saler 12 Limited.

Notes:
The principal methodology is Rating Structured Finance CDO Restructurings, which can be found on our website under Methodologies. DBRS conducted additional analysis to account for the first-to-default risk to Saler 12 Limited from the five underlying junior super senior synthetic collateralized debt obligation tranches.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

This rating was not initiated at the request of the rated entity.

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.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.