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Moody's Confirms the rating on notes issued by BTA DPR Finance Company

20.02.2008

Approximately USD750 Million of debt securities affected

Paris, February 19, 2008 -- Moody's Investors Service has confirmed the Baa3 ratings on the following seriesof notes issued by BTA DPR Finance Company. This rating confirmation and removal of watch fordowngrade follows the conclusion of Moody's review of the transaction following the rating action on 6November 2007, during which the following series of notes were placed on review for possible downgrade asa result of Moody's downgrade of Bank TuranAlem's global local currency deposit rating from Baa3/P-3 toBa1/NP on 1 November 2007.

USD150,000,000 Class 2007-D Floating Rate Notes due 2015, Baa3 confirmedMoody's also has confirmed the underlying rating of Baa3 in relation to the following series of notes,reflecting the risk posed to the providers of the financial guarantees (for the avoidance of doubt, theunderlying ratings do not take the benefit of the related financial guarantees into account and the ratings ofthe notes, which incorporate the support of such guarantees, are unaffected by this rating action).

USD200,000,000 Series 2007-A Floating Rate Notes due 2015, Baa3 confirmed
USD200,000,000 Series 2007-B Floating Rate Notes due 2015, Baa3 confirmed
USD200,000,000 Series 2007-C Floating Rate Notes due 2015, Baa3 confirmed

The rating action takes into account certain structural amendments to the transaction, including the additionof an early amortisation trigger linked to the ratings of Bank TuranAlem. In Moody's opinion, the structuralamendments are sufficient to allow the ratings of the Notes (without any benefit of related financialguarantees) to achieve a one-notch uplift from the current ratings of Bank TuranAlem.

Moody's ratings address only the credit risks associated with the transaction. Other non-credit risks have notbeen addressed, but may have a significant effect on yield to investors.

Moody's is monitoring this transaction on an ongoing basis. For updated monitoring information, pleasecontact monitor.abs@moodys.com or contact our Client Service Desk in London (+44-20-7772 5454).


London
Benedicte Pfister
Managing Director
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Paris
Virginie Marraud des Grottes
Associate Analyst
Structured Finance Group
Moody's France S.A.

JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

© Copyright 2008, Moody's Investors Service, Inc. and/or its licensors including Moody's Assurance Company, Inc.(together, "MOODY'S"). All rights reserved.