OVERVIEW We have raised our overall master servicer rankings to ABOVE AVERAGE from AVERAGE for Zenith Service. The outlook for the rankings is stable. The raised rankings reflects Zenith Service's experienced and constant workforce, robust internal processes, and the increase in the number and gross book values of portfolios for which it is master servicer. LONDON (Standard&Poor's) Feb. 27, 2013--Standard&Poor's Ratings Services today raised its overall rankings to ABOVE AVERAGE from AVERAGE on Zenith Service SpA (Zenith) as a master servicer of commercial and residential mortgages, asset-backed securities, and other credits in Italy. This reflects our view of the company's operations based on the major ranking factors in our criteria. The outlook is stable. The raised
