PRESS RELEASE:Fitch Cuts 5 Bifrost Investments Series 14 Classes (Nasdaq)

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Fitch Ratings-London-05 August 2008: Fitch Ratings has today downgraded five tranches of Bifrost Investments Limited (Bifrost)-Series 14’s unfunded mezzanine swaps and removed them from Rating Watch Negative (RWN). The remaining three tranches have been affirmed, as listed below.

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