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  ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.  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  
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