Fitch Withdraws Rating on Cloverie Plc 2006-3

This rating action is a result of an early termination of the transaction's underlying credit default and interest rate swaps on Oct. 15, 2009. Accordingly, the rating has been withdrawn. The notes were previously downgraded to 'D/RR6' as a result of multiple Credit Events with respect to obligations within the reference portfolios of Cloverie 2006-3.

Cloverie 20006-3 was a partially funded, static synthetic collateralized debt obligation (CDO) that closed in January 2006. The transactions represented leveraged exposure to diversified portfolios of asset-backed securities. The note proceeds collateralized credit default swaps with Citigroup Global Markets Limited as the Swap Counterparty. A modified 'Pay-As-You-Go' template was utilized to define the terms of the credit default swap.

Fitch has withdrawn the following rating:

--$40,000,000 class D notes rated 'D/RR6'.

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