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

May 02, 2017 - ENP Newswire

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 Counterp...