Fitch Withdraws Ratings for 5 Classes of Dutch Hill Funding II Ltd./Corp.

CHICAGO--()--Fitch Ratings has taken the following actions on five classes of Dutch Hill Funding II Ltd./Corp. (Dutch Hill Funding):

--$31,944,385 Class B notes downgraded to 'Dsf' from 'Csf' and withdrawn;

--$35,118,251 Class C notes affirmed at 'Csf' and withdrawn;

--$22,304,338 Class D-1 notes affirmed at 'Csf' and withdrawn;

--$20,388,529 Class D-2 notes affirmed at 'Csf' and withdrawn;

--$23,983,765 Class D-3 notes affirmed at 'Csf' and withdrawn;

Fitch does not rate the subordinated notes.

KEY RATING DRIVERS

Fitch's rating action follows the default of the class B notes after they failed to receive their timely interest payment with respect to the Nov. 17, 2014 payment date. Dutch Hill Funding has one remaining asset in its portfolio and the assets par amount will not provide enough principal for any of the notes to pay in full. Although the notes will remain outstanding until the deal's legal maturity or liquidation in accordance with the Indenture, the ratings are withdrawn as they are no longer considered analytically meaningful.

Dutch Hill II is a structured finance (SF) collateralized debt obligation (CDO) that closed on May 2, 2007 and is managed by TCW Investment Management Company.

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

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 4, 2014);

--'Global Rating Criteria for Structured Finance CDOs' (July 16, 2014).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=754389

Global Rating Criteria for Structured Finance CDOs

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=751136

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=950195

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Contacts

Fitch Ratings
Primary Surveillance Analyst
Emmett O'Brien
Analyst
+1-212-908-1648
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Committee Chairperson
Alina Pak, CFA
Senior Director
+1-312-368-3184
or
Media Relations
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Primary Surveillance Analyst
Emmett O'Brien
Analyst
+1-212-908-1648
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Committee Chairperson
Alina Pak, CFA
Senior Director
+1-312-368-3184
or
Media Relations
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com