NEW YORK (Standard&Poor's) May 20, 2009—Standard&Poor's Ratings Services today raised the rankings for Specialized Loan Servicing LLC (SLS) as a Residential Subprime, Subordinate-Lien, and Special Mortgage Loan Servicer to ABOVE AVERAGE. The outlook is stable. Since our last review, Lexia LLC (Lexia), a wholly owned subsidiary of Shinsei Bank, has become SLS' majority (82.35%) owner. Shinsei Bank is rated by Standard&Poor's, and for more information, please refer to RatingsDirect. The rankings on SLS reflect the company's experienced management team, solid internal controls and risk management, dedicated, extensive, and comprehensive training programs, thorough and well-developed policies and procedures, sound default management expertise, a robust level of automation, and an effective use of technology. SLS provided
