Moody's Global Credit Research

...This conduit is fully supported by AIG Financial Products (guaranteed absolutely and unconditionally by AIG Inc...

...On average, companies owned by the largest private equity firms have defaulted at roughly the same rate as similarly rated companies, but have shown higher rates of distress. ...

...Headquartered in Denver, Colorado, Janus Capital Group Inc. (Janus, NYSE: JNS) is the holding company of three investment advisors, Janus Capital Management LLC (Janus Capital), INTECH Investment Management LLC (INTECH), and Perkins Investment Management LLC (Perkins). Janus serves investors predominantly in the US market, but has a small, growing international base of international customers. Since its inception, Janus has been best known for its focus on growth style investing, but the acquisitions of INTECH and Perkins in #### and ####, respectively, accelerated the company's move to diversify. The Janus' brand remains focused on offering growth equity to retail mutual fund investors. INTECH manages institutional portfolios using quantitative-driven investment strategies, while Perkins subadvises all of Janus' small and mid-cap value funds, and has recently launched large-cap value funds. As of September ##, ####, the company had $### billion in assets under management (AUM), $### million...

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.

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.

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.

...MIG # rating to D.C.'s $### million in TRANs...# Outlook on Connecticut's G.O. bonds to negative from stable...# New Connecticut bonds rated A#...# Aaa to Georgia's offering of $### million in G.O. bonds...# NYU's $### million in bonds rated Aa#...# Harrisburg downgraded to Ba# from Baa#...# N.J. Turnpike's $###.# in new bonds rated A# rating to bonds...# A# rating on Richland-Lexington Airport maintained...# Bonds for LAX rated A#...# Outlook on San Antonio's electric/gas bonds changed to negative...# Outlook to negative from stable for Springfield College...#...

...Financial Bank USA ##-Oct-##* SQ#+* -- First National Bank of Omaha ##-May-## SQ# -- Servicer Rating Date Primary Servicer Special Servicer Master Servicer Bayview Loan Servicing, LLC #-Jun-## -- SQ#- -- Primary Servicer Servicer Rating Date FFELP Alternative Great Lakes Educational Loan Services, Inc. ##-Jun-## SQ# SQ# Servicer Country Rating Date Primary Servicer Special Servicer Master Servicer National Scale Rating...

...Last Friday (October ##, ####) was the last day for eligible banks to issue new U.S. government-backed debt under the Temporary Liquidity Guarantee Program (TLGP). To provide a temporary alternative during the transition towards an operating environment where government support is being removed from the sector, the FDIC announced on October ## an emergency guarantee facility. However, this facility will only be accessible on an application basis by banks that become unable to issue non-guaranteed debt because of market disruptions or other circumstances beyond their control. As we said before...

...· At September ##, ####, Edison had $#.### billion in ABCP outstanding, with $#.# billion of autho- rized commitments. · Edison continues to decline in size during its con- trolled amortization period. No new asset pools have been added since the end of ####....

...This is USAA Bank's twenty-eighth auto securitization since #### and its second issuance of ####. The receivables backing the transaction consist of motor vehicle installment loans originated to prime quality obligors. USAA...

... Michelangelo.Margaria@moodys.com Sebastian Hoepfner, ####-####-####, Sebastian.Hoepfner@moodys.com Olimpia da Silva, ####-####-####, Olimpia.DaSilva@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.ABS@moodys.com...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations....

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure A, A+, B, C#, C#, D#, D#, E, Threshold Amount: EUR - GBP = #.#### Footnotes - Portfolio Assumption Expected Loss (EL) and Milan Aaa Credit Enhancement (MILAN...

...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...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

# TRR (Total Redemption Rate) CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations....

...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 # Please note that 'default' and 'credit event' are used as synonyms for the purpose of this transaction. Please note also that the ratings on tranches A# and A# were withdrawn (WR) following a regulatory call in January ####. # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate)...

...Footnotes - Trigger Description Delinquencies - Reserve Fund - Increase: The reserve fund increases by #.###% when delinquencies >## days exceed #%....

...# Please note that the CPR displayed is the monthly CPR as provided by the servicer and not Moody's calculation. Please note that more triggers will be displayed soon. # Please note that this is a true sale transaction. The values shown under 'Cum Credit Events/OB' therefore correspond to the cumulative amount of loans that became ## days delinquent as a proportion of the original portfolio. This value counts each loan only once, and for its outstanding value the first time it became ## days delinquent. It is therefore comparable to the 'Cum Credit Events/OB' shown in European Synthetic SME transactions. # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate) Footnotes - Trigger Description Reserve Fund - Reserve Fund - Stop Release: The reserve fund amortisation is stopped when the reserve fund was not fully funded on the preceding payment date. Delinquencies - Reserve Fund - Stop Release: The reserve fund amortisation is stopped when delinquencies >## days exceed #.##% of the outstanding...

...# CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate) Footnotes - Trigger Description Delinquencies - Reserve Fund - Stop Release: The reserve fund amortisation is stopped when delinquencies >## days but less than ## months exceed #.##% of the outstanding portfolio. Reserve Fund - Reserve Fund - Stop Release: The reserve fund amortisation is stopped when the reserve fund was not fully funded on the preceding payment date....

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...Footnotes - Trigger Description Reserve Fund - Other: The issuer will be required to establish an issuer liquidity reserve fund to the extent of the issuer liquidity reserve fund required amount if the annualised CPR has fallen below #.#%...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...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 # Please note that 'default' and 'credit event' are used as synonyms for the purpose of this transaction. # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate)...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations....

...PDL - Switch to pro rata: Notes redeem pro rata provided the PDL = #. Delinquencies - Switch to pro rata: Notes redeem pro rata provided that loans > ## days in arrears do not exceed ##.#% of aggregate balance. Losses - Switch to pro rata: Notes redeem pro rata provided that principal losses are lower than #.##% of the initial mortgage balance Reserve Fund - Reserve Fund - Reduction: Reserve fund amortises provided that it is fully funded at #.#%...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...Defaults - Cumulative - Switch to pro rata: Series A# and A#(G) will amortise prorrata if the cumulative amount of defaults exceeds ##% of the original pool balance. PDL - Interest deferral: Interest payment on Class C is deferred if PDL exceeds the outstanding balance of Class C. PDL - Interest deferral: Interest payment on Class B is deferred if PDL exceeds the sum of the outstanding balances of Class B and Class C....

...Las calificaciones de emisor de Moody's de Baa#.mx (Escala Nacional de México) y de B# (Escala Global, Moneda Local) asignadas al Municipio de Tlalnepantla reflejan la relativamente fuerte economía del municipio así como los recurrentes márgenes operativos negativos, que ilustran la falta de capacidad del municipio para generar recursos internos para financiar sus gastos de capital, su posición de capital de trabajo neto apretada así como sus relativamente altos indicadores de deuda. Las calificaciones también consideran la sólida base de ingresos propios del municipio y la existencia de cláusulas de vencimiento anticipado que potencialmente podrían adelantar la fecha de vencimiento de los créditos del municipio, exponiéndolo a un riesgo de refinanciamiento en el actual entorno crediticio tan restringido....

...After a significant drop in Mexican mutual funds' assets under management (AUM) in the fourth quarter of ####, it seems that confidence has come back into the markets and investors are returning to funds. The interest rate picture coupled with conservative credit profiles are attracting assets to Mexican bond funds at increasing rates. Among the many lessons learned from the financial crisis of ####, it is clear that some qualitative elements have more relevance to the rating process than others. Recurrent themes of concern across fund markets include the research capabilities of fund advisors, the quality of their market risk analysis, and their securities' mark - to - market pricing practices. As a consequence of a more stable market environment and this gradual return of the investors' confidence, a shift from the "flight to quality" strategies to a slightly more aggressive strategy is observable, and managers have begun to take more credit risk in fund portfolios. However, we do not...

...The Aaa issuer rating for Stichting Waarborgfonds Eigen Woningen (WEW) reflects WEW's strong links with and the oversight by the Dutch state, the sound principles underlying its procedures and a support system to make sure that WEW can still fulfil guarantee obligations. WEW was founded to promote homeownership in the Netherlands and to ensure that lower income households can borrow at advantageous rates to purchase and/or refurbish homes. If a borrower under the National Mortgage Guarantee (NHG) system of the Netherlands falls behind with its payments under a mortgage loan, WEW will step in as guarantor. WEW will pay the rescission value, i.e. the remaining loss on loans after a foreclosure period which cannot begin for more than seven months; and payments may not be required for another two months. WEW must be informed by the lending bank of any arrears within the first four months. Moody's views the combination of WEW's own-source capital reserves and its backstop agreements with the...

...Overall, E. I. du Pont de Nemours and Company's ("company") covenant package for the Reference Securities is typical of an investment-grade indenture in its absence of key covenants such as restricted payments and debt incurrence. Headquartered in Wilmington, Delaware, E. I. du Pont de Nemours and Company (DuPont) is one of the largest US chemical companies with a diverse portfolio of specialty materials, chemicals, polymers and agricultural products. The company reported sales of $##.# billion for the last twelve months ending December ##, ####. Unless the context requires otherwise, references to "securities" or "notes" in this CQA include Reference Securities, and "securityholders" or "noteholders" should be construed accordingly. Covenants, carve-outs and definitions in this CQA are replicated verbatim (in part or in whole) from the indenture, and paragraph numbering...

...Most Recent Most Recent Long- Long-term Date of Short- Short-term Date of Term[] Rating Action Action Term Rating Action Action...

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.

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.

...· SMART currently issues one series of notes, Series ####-# Senior Short Term Notes. As of May ##, ####, the outstanding Senior Short-Term Notes for SMART, Series ####-# was C$#.## bil- lion. Series ####-# has an unlimited issuance amount and can be denominated in both Cana- dian and US currency. · SMART is designed to securitize primarily con- ventional and insured residential first lien mort- gages. At the end of May ####, SMART financed eleven mortgage pools with total purchase limits of C$#.## billion....

...Footnotes - Trigger Description Delinquencies - Stop Substitution: Substitution is stopped when, amongst others, delinquencies ##-### days is equal to or more than #.##%. PDL - Stop Substitution: Substitution is stopped when, amongst others, the targeted principal deficiency exists (i.e. the transfer from the interest shortfall is not enough to cover the needed principal amount). PDL - Reserve Fund - Stop Release: The reserve fund amoritsation is stopped when, amongst others, the principal deficiency is greater than zero. Delinquencies - Reserve Fund - Stop Release: The reserve fund amoritsation is stopped when, amongst others, the delinquencies ##-### days is equal to or more than #.##%. Defaults - Cumulative - Interest deferral: Interest on Class B is deferred when cumulative defaults are equal or greater than ##.#% of the initial portfolio balance. Defaults - Cumulative - Interest deferral: Interest on Class C is deferred when cumulative defaults are equal or greater than ##.##% of the...

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary # Please note that part of the collections are accumulated in the Principal Account, hence the discrepancy between the outstanding pool balance and the sum of outstanding note balances....

...Currently the Hermitage and the North Hertfordshire Homes Housing Associations exceed their relevant withdrawal ratios attributable to the income producing security. This means that the gross and the net annual income, based on the annual income test statement, do exceed #.## and #.## times the proportion of #.##% of the outstanding loan balance....

...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary # West Bromwich was downgraded by Moody's on ## September #### from A#/C-/Prime-# from A#/C/Prime-#, which triggered the Liquidity Reserve Rating Event. The Liquidity Reserve Required Amount was increased to #%, the Liquidity Reserve Ledger has been credited with GBP ## million Principle collections in this period, which could be used to pay the senior costs and interests Class A notes when there is a interest shortfall Footnotes - Capital Structure...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT...

...Contacts Pier Paolo Vaschetti, ####-####-####, PierPaolo.Vaschetti@moodys.com Jonathan Livingstone, ####-####-####, Jonathan.Livingstone@moodys.com Daron Kularatnam, ####-####-####, Daron.Kularatnam@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring Monitor.RMBS@moodys.com...

# TRR (Total Redemption Rate) CREDIT RATINGS ARE MOODY'S INVESTORS SERVICE, INC.'S (MIS) CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MIS DEFINES CREDIT RISK AS...

Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio Assumption Expected Loss (EL) and Milan Aaa Credit Enhancement (MILAN Aaa CE) are among the key Moody's modelling assumptions. For...

Global Credit Research Rating Action ## OCT #### Rating Action: GE Dealer Floorplan Master Note Trust, Series ####-# Moody's assigns provisional ratings to the second issuance of dealer floorplan-backed notes issued by GE Dealer Floorplan...

Global Credit Research Rating Action ## OCT #### Rating Action: CNH Equipment Trust ####-C Moody's assigns provisional ratings to CNH Equipment Trust ####-C $###.## million of asset-backed securities rated. New York, October ##, ####...

Global Credit Research Rating Action ## OCT #### Rating Action: BCAP LLC ####-RR## Trust Moody's Rates BCAP LLC ####-RR## Trust Approximately $## Million of Debt Securities Rated New York, October ##, #### -- Moody's Investors Service...

Global Credit Research Announcement # NOV #### Announcement: Moody's survey finds new revenue pressure for significant minority of colleges New York, November ##, #### -- The results of a survey of U.S. colleges and universities in...

Global Credit Research Announcement # NOV #### Announcement: Moody's: Market conditions highlight risk from variable rate debt, swaps to states and localities New York, November ##, #### -- Exacerbated by the economic crisis, the credit...

Global Credit Research Announcement # NOV #### Announcement: Moody's: Independent E&Ps remain under pressure from natural gas glut New York, November ##, #### -- This year's unprecedented surplus of North American natural gas, which...

Global Credit Research Rating Action # NOV #### Rating Action: Moody's affirms CP rating assigned to COFCO Capital Corp.'s USCP Program New York, November ##, #### -- COFCO CAPITAL CORP. AMENDS EXISTING USCP PROGRAM COFCO Capital Corp....

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

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

Global Credit Research Announcement # NOV #### Announcement: Moody's Fully Supported Municipal & IRB Deals New York, November ##, #### -- ASSIGNMENTS Fort Myers (City of) FL, Variable Rate Utility System Refunding Revenue Bonds US$...

Global Credit Research Rating Update # NOV #### Rating Update: Touro Infirmary, LA MOODY'S PLACES TOURO INFIRMARY'S Ba# RATING ON WATCHLIST FOR POSSIBLE DOWNGRADE APPROXIMATELY $## MILLION OF RATED DEBT OUTSTANDING Louisiana Public...

Global Credit Research Rating Update # NOV #### Rating Update: San Joaquin Hills Trans. Corridor Agency, CA MOODY'S AFFIRMS Ba# RATING FOR SAN JOAQUIN HILLS TRANSPORTATION CORRIDOR AGENCY; OUTLOOK NEGATIVE AGENCY HAS $#.### BILLION...

Global Credit Research Rating Update # NOV #### Rating Update: Foothill-Eastern Transp. Corridor Agcy., CA MOODY'S AFFIRMS Baa# RATING FOR FOOTHILL/EASTERN TRANSPORTATION CORRIDOR AGENCY; OUTLOOK STABLE AGENCY HAS $#.# BILLION DEBT...

Global Credit Research Rating Update # NOV #### Rating Update: Ochsner Clinic Foundation, LA MOODY'S PLACES OCHSNER CLINIC FOUNDATION'S (LA) A# RATING ON WATCHLIST FOR POSSIBLE DOWNGRADE OCHSNER CLINIC FOUNDATION HAS A TOTAL OF $###...

Global Credit Research Rating Update # NOV #### Rating Update: Nolensville (Town of) TN MOODY'S ASSIGNS INITIAL A# ISSUER RATING TO THE TOWN OF NOLENSVILLE (TN) Municipality TN Opinion NEW YORK, Nov #, #### -- Moody's Investors Service...

Global Credit Research Rating Update # NOV #### Rating Update: Ochsner Community Hospital, LA MOODY'S PLACES OCHSNER COMMUNITY HOSPITAL'S (LA) A# RATING ON WATCHLIST FOR POSSIBLE DOWNGRADE; BONDS GUARANTEED BY OCHSNER CLINIC FOUNDATION...

Global Credit Research Rating Action # NOV #### Rating Action: Wood Street CLO IV B.V. Moody's downgrades EUR ###.# million CLO notes of Wood Street CLO IV Moody's confirms ratings of Class E Notes London, ## November #### -- Moody's...

Global Credit Research Rating Action # NOV #### Rating Action: IM Grupo Banco Popular FTPYME I, FTA Moody's confirms senior and downgrades junior notes of Spanish SME ABS IM Grupo Banco Popular FTPYME I, FTA EUR###.# million of rated...

Global Credit Research Announcement # NOV #### Announcement: RFMSII Home Equity Loan Trust ####-HSA# Moody's: # RFMSII RMBS transactions: No negative ratings impact of servicer transfer to Green Tree Servicing, LLC and amendments to...

Global Credit Research Announcement # NOV #### Announcement: Cherry Creek CDO II, Ltd. Moody's announces that the appointment of replacement collateral manager will not change its ratings on Cherry Creek CDO II, Ltd. New York, November...

Global Credit Research Rating Action # NOV #### Rating Action: BA Covered Bond Program Moody's Downgrades Bank of America Covered Bond Program EUR #.# Billion and USD # Billion of securities affected. New York, November ##, #### --...

Global Credit Research Rating Action # NOV #### Rating Action: Tower Hill CDO II, Ltd. Moody's withdraws the ratings of Notes issued by Tower Hill CDO II, Ltd., an ABS CDO Approximately $### million original issuance amount of Notes...

Global Credit Research Announcement # NOV #### Announcement: RFMSII Home Equity Loan Trust ####-HSA# Moody's: # RFMSII RMBS transactions: No negative ratings impact of servicer transfer to Specialized Loan Servicing, LLC and amendments...

Global Credit Research Rating Action # NOV #### Rating Action: IM Grupo Banco Popular FTPYME II, FTA Moody's confirms senior and downgrades junior notes of Spanish SME ABS IM Grupo Banco Popular FTPYME II, FTA EUR###.# million of rated...

Global Credit Research Announcement # NOV #### Announcement: World Financial Network Credit Card Master Trust II, Series ####-# (formerly Charming Shoppes Master Trust, Series ####-#) Moody's: Alliance Data buys Charming Shoppes card...

Global Credit Research Rating Action # NOV #### Rating Action: IM SABADELL EMPRESAS #, FTA Moody's downgrades certain tranches in five Banco Sabadell SME ABS deals Madrid, November ##, #### -- Moody's Investors Service has performed...

Global Credit Research Rating Action # NOV #### Rating Action: IM CAJAMAR #, FTA Moodys takes action on Spanish RMBS notes issued by # IM Cajamar transactions Approximately EUR #.## billion of debt securities affected. London, ## November...

Global Credit Research Announcement # NOV #### Announcement: Nerva Funding Co., LLC Moody's ABCP rating actions ending November #, #### New York, November ##, #### -- Moody's ABCP rating actions for the seven-day period ended November...

Global Credit Research Rating Action ## OCT #### Rating Action: Argentario Finance S.r.l. Moody's assigns definitive ratings to the Italian MBS notes issued by Argentario Finance Srl Approximately EUR ###.# million of debt securities...

Global Credit Research Rating Action ## OCT #### Rating Action: RURAL HIPOTECARIO XII, FTA Moody's assigns provisional ratings to # Classes of Rural Hipotecario XII, a Spanish RMBS transaction Approximately EUR ### million of debt...

Global Credit Research Announcement # NOV #### Announcement: Challenger Millennium Warehouse T Trust Moody's comments on sale of Challenger's mortgage management to NAB Sydney, November ##, #### -- Moody's Investors Service is assessing...

Global Credit Research Rating Action # NOV #### Rating Action: Silverstone Master Issuer PLC Series ####-# Moody's assigns ratings to # classes of UK RMBS issued by Silverstone Master Issuer plc Series ####-# GBP #.# billion of debt...

Global Credit Research Rating Action # NOV #### Rating Action: Trinity Rail Leasing VII LLC, Series ####-# Moody's assigns provisional rating to Trinity Industries Leasing Company asset backed notes Approximately $### million of asset...

Global Credit Research Rating Action ## OCT #### Rating Action: GE Equipment Small Ticket LLC, Series ####-# Moody's assigns provisional ratings to GECC small ticket equipment ABS deal $###.# million of asset-backed securities rated....