...Several North American life and property & casualty (p&c) insurers have reported meaningful losses to fixed income investments in the first quarter of ####. ...

...Mexico s energy ministry recently projec ted further oil production declines from current levels of about # million barrels per day to #.# million barrels per day by ####. The drop reflects expected declines in Cantarell, Mexico s largest oil field, while taking into account beneficial increases from various other oil projects under development. Continued production declines mean Mexico s dependence on imports of crude and refined products will gr ow. In addition, the government will be less able to provide important social programs and will have to look elsewhere to make up fiscal shortfalls. As we have noted in the past, Petroleos Mexicano (Pemex) historically has generated abundant cash flows before royalties and other taxes to fund its capital spending, but in every year from #### through #### (except in ####) the tax burden has resulted in net losses. After taxes and capital spending, the company has had cash flow shortfalls, causing its debt to basically double between...

...Moody's Investors Service has affirmed We lls Fargo Bank N.A.'s ("WFB") servicer quality ("SQ") ratings of ...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure ...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure ...

...Type of transaction: CMBS Multi-family, modified pro-rata Issuer: German Residential Funding p.l.c. Servicer: Capmark Servicer Ireland Limited and Capmark Servicer UK Limited Note Trustee: Deutsche Trustee Company Limited ...

... from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as ot her factors, however, such information is provided as is without warranty of any kind and ...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). ...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary #Trigger calculations are based on delinquency as defined in the Offering Circular while total delinquencies refer to all loans that are at least one day in arrears. Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Early Amortisation: Early amortisation occurs when, amongst others, delinquencies exceed #,##%. Losses - Cumulative - Early Amortisation: Early amortisation occurs when, amongst others, cumulative realised losses exceed...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Other - Redraw - Stop Purchase: Occurs when the maximum repayment amount is negative for two consecutive periods....

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). ...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Reserve Fund - Increase: The Default Reserve will increase to ##,###,### when, amongst others,...

...Deal Closing Date #:##/##/#### Seller/Originator:Egg Banking Plc [Aa# (Senior Unsecured - Fgn Curr)] Servicer:Egg Banking Plc [Aa# (Senior Unsecured - Fgn Curr)] Backup/Special Servicer: Trustee:JP Morgan Corporate Trustee Services Limited [- -] Lead Underwriter: Merrill Lynch International [- -] Pool Currency: GBP Original Pool Balance: #,###,###,### Pool Reporting Frequency: Quarterly Last Reporting Date: ##/##/#### ...

... Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Other - Early Amortisation: Early amortisation occurs when, amongst others, the asset-liability ratio is less...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Defaults - Cumulative - Interest deferral: Interest on Class D is deferred when cumulative net default exceeds #.##%. Defaults - Cumulative - Interest deferral: Interest on Class C is deferred when cumulative net default exceeds #.#%. Defaults - Cumulative - Interest deferral: Interest on Class B is deferred when cumulative net default exceeds ##.#%. PDL - Reserve Fund - Stop Release: The reserve...

...Israel s A# government bond ratings were upgraded to A# from A# in April #### to reflect Israel s improved debt sustainabi lity in recent years. Fiscal discipline and reform-minded economic policies are modernizing and enhancing the performance of the real economy as well as steadily reducing the government s debt burden although it remains very high. The economy s increased resilience to intense shocks, a characterization that has been test ed repeatedly througho ut the years, is another important factor. Israel has much higher debt ratios t han almost all other A-rated countries (A# Eurozone member Greece being the only ex ception). However, counterbalancing Israel s hefty debt load is that its high middle income level and more advanced level of economic and institutional devel opment enable it to sustain a large debt burden. ...

...Israel s A# government bond ratings were upgraded to A# from A# in April #### to reflect Israel s improved debt sustainabi lity in recent years. Fiscal discipline and reform-minded economic policies are modernizing and enhancing the performance of the real economy as well as steadily reducing the government s debt burden although it remains very high. The economy s increased resilience to intense shocks, a characterization that has been test ed repeatedly througho ut the years, is another important factor. Israel has much higher debt ratios t han almost all other A-rated countries (A# Eurozone member Greece being the only ex ception). However, counterbalancing Israel s hefty debt load is that its high middle income level and more advanced level of economic and institutional devel opment enable it to sustain a large debt burden. ...

...On April #, ####, Moody's announced that it was releasing rating actions on subprime residential mortgage-backed securi ties (RMBS) as part of its on-going RMBS surveillance process. Moody's began releasing rating actions that day and, through the review's conclusion on Apri l ##, took action on #,### subprime first lien-backed securities issued from H# ### # through ####. The rating adjustments varied based on the securities' current ratings, level of credit enhancement, pool- specific historical performance, quarter of origination, collateral characteristics, and other qualitative factors. Also as pa rt of its ongoing surveillance, Moody's has recently taken numerous actions on subprime first lien-backed securities issued during the first half of #### as well as second lien-backed securities issued in ####, ####, and ####. This report, the th ird in a series, updates and summarizes Moody's rating actions to date on su bprime RMBS issued since ####. ...

... from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as ot her factors, however, such information is provided as is without warranty of any kind and ...

... Copyright ####, Moody s Investors Service, Inc. and/or its licensors andaffiliates(together, MOODY S ).Allrightsreserved.ALLINFORMATIONCONTAINEDHEREINISPROTECTEDBYCOPYRIGHTLAWANDNONE OF SUCH INFORMATION ... FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSONWITHOUTMOODY SPRIORWRITTENCONSENT.Allinformationcontainedhereinisobtained by MOODY Sfromsourcesbelieved by it to be accurate and reliable. Because of the possibility o fhumanormechanicalerroraswellasotherfactors,however, such informationisprovided asis withoutwarrantyofanykindandMOODY S, in particular, makes no representationor warranty, expressor implied, as to the accuracy, timeliness, completeness, merchantability or fitness for anyparticularpurpose of anysuchinformation.Undernocircumstances shall MOODY S have any liability to any person or entity...

...Information as of: Mar-####Programme Name: Atlantis One Funding Corporation, Atlantis Two Funding Corporation ...

... Copyright ####, Moody s Investors Service, Inc. and/or its licensors and affiliates (together, MOODY S ).Allrightsreserved.ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY COPYRIGHT LAW AND NONE ... OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER,BYANYPERSONWITHOUTMOODY SPRIORWRITTENCONSENT.AllinformationcontainedhereinisobtainedbyMOODY S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, such information is provided as is without warranty of any kind and MOODY S, in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability or fitnessforanyparticularpurposeofanysuchinformation.Undernocircumstances shall MOODY S have any liability to...

... Mortgages ##.#%Consumer Loans #.#%Total###.#%...

Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk.

...This conduit is fully supported by total return swaps entered into between KBC Investments Limited (guaranteed by KBC Bank N.V. - rated Aa#/P-#) and each Purchaser. ...

... Copyright####, Moody s Investors Service, Inc.and/oritslicensorsandaffiliates(together, MOODY S ).Allrightsreserved.ALLINFORMATIONCONTAINEDHEREINISPROTECTEDBY COPYRIGHT LAW ANDNONEOF SUCH ... OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNERORBYANYMEANSWHATSOEVER,BYANYPERSON WITHOUT MOODY S PRIOR WRITTEN CONSENT. All information contained herein is obtained by MOODY S from sources believed by it to be accurate and reliable. Because o fthe possibility of human or mechanical error as well as other factors, however, such information is provided asis withoutwarrantyofany kind andMOODY S, in particular,makes no representationorwarranty,expressorimplied,astotheaccuracy, timeliness, completeness, merchantability or fitness fo anyparticularpurposeofanysuchinformation.Undernocircumstances shall MOODY Shave anyliability to any person or...

...Heightened funding and liquidity challenges, associated with a confidence sensitive wholesale funding model ...

...Medicare s announcement that Phas e I of a pilot disease-management program did not meet certain benc hmarks will not affect industry revenue over the short term, and therefore will not pressure ratings. ...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Reserve Fund - Stop Release: The reserve fund stops amortising when, amongst others, delinquencies...

...Deal Closing Date #:##/##/#### Seller/Originator:Alliance & Leicester plc [A# (LT Issuer Rating - Fgn Curr)] Servicer:Alliance & Leicester plc [A# (LT Issuer Rating - Fgn Curr)] Backup/Special Servicer: Trustee:Law Debenture Trust Corporation Plc [- -] Lead Underwriter: Barclays Capital [- -] Pool Currency: GBP Pool Reporting Frequency: Monthly Last Reporting Date: ##/##/#### ...

...Deal Closing Date #:##/##/#### Seller/Originator:Alliance & Leicester plc [A# (LT Issuer Rating - Fgn Curr)] Servicer:Alliance & Leicester plc [A# (LT Issuer Rating - Fgn Curr)] Backup/Special Servicer: Trustee:Law Debenture Trust Corporation Plc [- -] Lead Underwriter: Barclays Capital [- -] Citigroup Global Markets Limited [- -] Pool Currency: GBP Pool Reporting Frequency: Monthly Last Reporting Date: ##/##/#### ...

Global Credit Research Announcement # MAY #### Announcement: Supplement to Moody's worldwide rating actions for May #, #### New York, May ##, #### -- Moody's Investors Service has issued press releases on the following rating actions:...

Global Credit Research Announcement # MAY #### Announcement: Moody's Fully Supported Municipal & IRB Deals New York, May ##, #### -- ASSIGNMENTS Houston (City of) Texas, Combined Utility System First Lien Revenue Refunding Bonds US$...

Global Credit Research Rating Update # MAY #### Rating Update: Puerto Rico (Commonwealth of) MOODY'S AFFIRMS THE Aaa LONG-TERM RATINGS OF THE COMMONWEALTH OF PUERTO RICO PUBLIC IMPROVEMENT REFUNDING BONDS, SERIES ####A-#, SERIES ####A-#,...