DBRS Withdraws Rating at the Request of the Issuer on the Series 2016-1 Class E Loans Issued by Callidus ABL Corporation

DBRS, Inc. (DBRS) discontinued the rating on the Series 2016-1 Class E Loans issued by Callidus ABL Corporation (the Issuer). The withdrawal is at the request of the Issuer. The Series 2016-1 Class E Loans have been retained by Callidus Capital Corporation, as Equityholder and Collateral Manager, since the closing of the transaction. The DBRS rating on the Series 2016-1 Class E Loans addressed the Borrower’s ability to make ultimate payments of interest and principal on or before the Stated Maturity. The ratings on all of the Series 2016-1 Loans issued by Callidus ABL Corporation were confirmed on December 28, 2017.

The Series 2016-1 Class E Loans were issued pursuant to the Loan Financing and Servicing Agreement dated as at December 1, 2016, among Callidus ABL Corporation, as Borrower; Callidus Capital Corporation, as Equityholder and Collateral Manager; Deutsche Bank Trust Company Americas, as Administrative Agent, Collateral Custodian and Securities Intermediary; the Agents party thereto; and the Lenders from time to time party thereto.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodology is Rating CLOs and CDOs of Large Corporate Credit, which can be found on dbrs.com 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.

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