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Fitch Withdraws GoldenTree Asset Management LP's U.S. and European CDO Asset Manager Ratings

NEW YORK - (BUSINESS WIRE) - Fitch Ratings has today withdrawn the 'CAM2+' (U.S.) and 'CAM2' (European) collateralized debt obligation (CDO) asset manager (CAM) ratings assigned to GoldenTree Asset Management LP (GoldenTree), as a manager of CDOs backed by leveraged loans. Ratings in the 'CAM2' category reflect asset manager operations demonstrating low vulnerability to operational and investment management failure.

The CAM ratings assigned to GoldenTree were based solely on the company's management abilities pertaining to its U.S.- and European-based leveraged loan CDO platforms. Fitch previously affirmed both of GoldenTree's CDO asset manager ratings on Sept. 18, 2008.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, 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 Ratings
Manuel Arrive, CFA, +44 (0) 207 682 7499 (London)
Russ Thomas, +1-312-368-3189 (Chicago)
Gwen Fink-Stone, +1-212-908-9128 (New York)
Brian Bertsch, +1-212-908-0549
(Media Relations, New York)
brian.bertsch@fitchratings.com