Fitch Withdraws Brooklands Euro Referenced Linked Notes 2004-1 Ratings   

LONDON--(BUSINESS WIRE)-- 01 April 2015

Fitch Ratings has withdrawn all Brooklands Euro Referenced Linked Notes 2004-1 Limited's remaining ratings as follows:

Class D (XS0193143590): withdrawn at 'Dsf'

Class F (XS0193143913): withdrawn at 'Dsf'

The class D and F notes are the only notes remaining in the transaction and rated 'Dsf' Fitch has withdrawn the ratings in line with its policies and procedures.

KEY RATING DRIVERS

On 20 March 2015 the class A2, B, CE and CY notes were redeemed in full. The class D notes were not redeemed in full and EUR1m was left outstanding to cover one credit protection payment that has yet to be made.

The class F note had been fully, and the class D note partially, written down to make credit protection payments. This is reflected in the 'Dsf' ratings, which were last affirmed on 3 February 2015.

Additional information is available at www.fitchratings.com.

Sources of Information: Investor Reports

Applicable criteria 'Global Rating Criteria for Structured Finance CDOs' dated 16 July 2014, 'Global Rating Criteria for Corporate CDOs' dated 25 July 2014, 'Global Structured Finance Rating Criteria' dated 04 August 2014 'Counterparty Criteria for Structured Finance and Covered Bonds', dated 14 May 2014 are available at www.fitchratings.com.

Applicable Criteria and Related Research:

Global Rating Criteria for Structured Finance CDOs

Global Rating Criteria for Corporate CDOs

Global Structured Finance Rating Criteria

Counterparty Criteria for Structured Finance and Covered Bonds

Additional Disclosure

Solicitation Status

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. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Lead Surveillance Analyst
Alexander Blishen
Analyst
+44 20 3530 1354
Fitch Ratings Limited
30 North Colonnade
London E14 5GN
or
Secondary Surveillance Analyst
Matthias Neugebauer
Managing Director
+44 20 3530 1099
or
Media Relations:
Athos Larkou, London, +44 203 530 1549
[email protected]

Source: Fitch Ratings

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