Fitch: Appointment of Deutsche Bank as Replacement Trustee Will Not Impact Taberna VI's Ratings

  Fitch: Appointment of Deutsche Bank as Replacement Trustee Will Not Impact
  Taberna VI's Ratings

Business Wire

NEW YORK -- May 22, 2012

Fitch Ratings has been notified by the agents of Taberna Preferred Funding VI,
Ltd./Inc. (Taberna VI) that Deutsche Bank Trust Company Americas (rated
'A+/F1+', Outlook Stable by Fitch) has been appointed as the successor to Bank
of New York Mellon Trust Company, N.A. (rated 'AA-/F1+', Outlook Stable), as
Trustee.

Fitch does not expect the proposed appointment in and of itself to have any
impact on the existing ratings on the above referenced transaction. Based on
its current rating by Fitch, Deutsche Bank is an eligible counterparty for the
transaction under Fitch's criteria 'Counterparty Criteria for Structured
Finance Transactions'.

The current 'Counterparty Criteria for Structured Finance Transactions' is
under review and is subject to an exposure draft consultation. The exposure
draft was published on March 12, 2012, and its proposals - if adopted into
criteria - are not expected to result in rating actions on these transactions.
However, this cannot be entirely precluded if the final criteria differ
materially from the exposure draft proposals.

Fitch is not a party to the transaction and therefore does not provide consent
or approval, as that remains the sole preserve of the transaction parties.
Fitch expects to be notified by the trustee when or if the proposed
appointment documents are executed either in part or in their entirety.

Additional information is available at 'www.fitchratings.com'.

The information used to assess these ratings was sourced from the issuer,
periodic trustee reports, note valuation reports, and the public domain.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 16, 2010);

--'Global Surveillance Criteria for Trust Preferred CDOs' (July 12, 2011);

--'Counterparty Criteria for Structured Finance Transactions' (March 12,
2012);

--'Counterparty Criteria for Structured Finance Transactions: Derivative
Addendum' (March 12, 2012);

--'Exposure Draft: Counterparty Criteria for Structured Finance Transactions'
(March 12, 2012).

Applicable Criteria and Related Research:

Counterparty Criteria for Structured Finance Transactions: Derivative Addendum

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=667930

Counterparty Criteria for Structured Finance Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=667929

Exposure Draft: Counterparty Criteria for Structured Finance

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=673497

Global Surveillance Criteria for Trust Preferred CDOs

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=643950

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

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PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
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Contact:

Fitch Ratings
Barbara M. Burdzy, +1-212-908-0813
Director
Fitch, Inc.
1 State Street Plaza
New York, NY 10004
or
Committee Chairperson
Alina Pak, CFA, +1-312-368-3184
Senior Director
or
Media Relations:
Sandro Scenga, +1-212-908-0278
Email: sandro.scenga@fitchratings.com