Moody's Global Credit Research

...% of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool Date...

...% of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool Date...

...Whole Portfolio ##.## m #.## bn ##.## bn This conduit is fully supported by total return swaps entered into between AIG Financial Products Corp. - ##.## m - Outstanding ABCP Amount #.## bn Outstanding - MTN Amount Max Programme Amount Max Authorised Amount Outstanding Guarantor: American International Group, Inc (A#/P-#)...

...In July #### a tap issuance amounting to EUR ###m was completed (Class A#). At the same time Class A# was redeemed in full. In accordance with the tap issuance, the total outstanding balance of Notes decreased to #,###mn from #,###mn. The tap transaction benefits from the same collateral and structural features as the #### transaction....

...The current economic downturn has exposed vulnerabilities in the infrastructure of the global financial system and important lessons for market participants have emerged from the rapid and dramatic market changes. For Moody's part, over the past two years, we have responded to concerns expressed by both the private and public sectors by undertaking initiatives to improve credibility in our ratings and strengthen the quality, transparency and independence of our ratings. In line with our continuing effort to be as transparent with the market as possible, we published a list of the measures we had taken in August #### ...

...Global trade improvement bodes well, but in the US recovery is still jobless and consumer confidence uninspired. The German trade account is expected to improve slightly, Britain's not. European recovery is weak. In the Asia Pacific region, many reports this week; outlook in many national economies picking up. full story ­ page ## ...

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.

...By Michael E. Love, CFA and Chris Lam The slowing of the pace of credit deterioration in the loan portfolios of the big four US commercial banks -- JP Morgan, Wells Fargo, Bank of America, and Citigroup -- is a perception supported by their third-quarter #### earnings reports. This relative improvement has been driven by moderating early stage delinquencies in many consumer portfolios and has helped tighten credit spreads on the banks' bonds and CDS. In particular, the better performances of their consumer loan portfolios are offsetting weakness in the commercial lending area. The banks have as a result reduced the build-up of their loan loss reserves, which indicates the banks do not foresee large increases in their quarterly credit losses (Figure #). In the last US banking crisis, bank bond spreads began to tighten some time after bank reserve builds declined, but well before charge-offs peaked. As reserve builds appear to have peaked in this cycle for this group of banks, we believe...

...GMAC is reportedly in talks with the U.S. Treasury Department to receive another loan from the Troubled Asset Relief Program (TARP) ranging from $#.# billion to $#.#. In isolation, this capital injection would be an indirect credit positive for General Motors Corporation (GM) whose rating we withdrew in July following its bankruptcy reorganization. The incremental funding from the U.S. government should enhance GMAC's ability to offer financing to prospective buyers of GM vehicles, which will be critical if GM is to derive benefit from any upturn in U.S. auto sales in ####. However, the infusion will do little to address the competitive gap that exists between GM and its primary competitor, Ford Motor Company (B# CFR, stable outlook). We believe that both GM and Chrysler continue to suffer from weaker product line-ups than Ford. Even with the benefit of increased sales finance support from GMAC (which provides sales finance for both GM and Chrysler products), we believe GM will be challenged...

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.

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.

...As the effects of the global economic recession continue to strain the financial operations of a large number of U.S. local governments, Moody's believes that local governments in the Greater Washington Region are in a more stable position than those in much of the rest of country and are well-positioned to capture economic growth and experience revenue increases once the recession has ended. The main driver for the relatively healthier position is the economic strength of the area, anchored by its core of federal government employment and related private sector jobs. There are several other factors that will contribute to relative financial stability and growth for local governments in the area going forward, including: The implementation of the Base Realignment and Closure (BRAC) effort, which will benefit certain portions of the region, particularly in Maryland, but is also expected to create significant transportation challenges; Strong technology, education and health care sectors,...

...This report is one in a series of quarterly reports on Moody's cash flow CLO rating activity. Its purpose is to provide market participants with deal summary information on CLO transactions rated by Moody's during the most recent quarter and a brief description of the CLO transactions that entered Moody's pipeline during the same quarter. Beginning with this report, we have expanded our scope to address activity in the US and EMEA....

...Overview Legal Framework Programme closing date : November #### Does a specific Covered Bonds Law apply for this programme : No Total outstanding liabilities : GBP ###,###,### Total Assets in the Cover Pool : GBP #,###,###,### Country in which Collateral is based : United Kingdom Issuer Name : Country in which issuer is based : United Kingdom Group / Parent Name : Main Collateral Type (>##%) : Residential Timely Payment Ratings Refinancing period for principal payments of # months or greater: Yes Baa# / Negative Outlook Liquidity reserve to support timely payments on all issuances : Yes Funded Group / Parent Senior Unsecured rating : n/a Timely Payment Indicator ("TPI") (note #) : High Covered Bonds Rating : Aaa Maximum Leeway given TPI, Issuer Rating and CB Rating : # notch(es)...

...Overview Legal Framework Date of Initial Rating Assignment : April #### Does a specific Covered Bonds Law apply for this programme : Yes Total outstanding liabilities : EUR ###,###,### Total Assets in the Cover Pool : EUR #,###,###,### Country in which Collateral is based : Germany Issuer Name : Country in which issuer is based : Germany Group / Parent Name : Main Collateral Type (>##%) : Residential Timely Payment Ratings Refinancing period for principal payments of # months or greater: No Aa# / Stable Liquidity reserve to support timely payments on all issuances : Yes* Group / Parent Senior Unsecured rating : n/d Timely Payment Indicator ("TPI") (note #) : Probable-High Covered Bonds Rating : Aaa Maximum Leeway given TPI, Issuer Rating and CB Rating : # notch(es)...

...###.## m N/A Titrisation et Finance Internationale - Gestion Outstanding ABCP Amount Outstanding MTN Amount ###,###,### Trade Receivables Crédit Industriel et Commercial (Aa#/Prime-#/C-) Number of Pools Asset Addition in the Last Month: Asset Termination in the Last Month: Max Programme Amount Max Authorised Amount Total ###,###,### Country Asset Amount...

...% of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool Date...

...Principal Paying Agent: Deutsche Bank (Portugal) S.A. (NR) Common Representative Deutsche Trustee Company Limited (NR)...

...% of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool Date...

...% of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool Date...

...Esta metodologia de rating fornece diretrizes detalhadas sobre a abordagem da rativos e serviços ao ste relatório descreve os fatores nesse setor e oferece diretrizes o estes fatores individuais mapeiam para um rating específico. , emissores e intermediários édito dentro do setor itores sejam capazes de estimar o rating prestadora de serviços corporativos e ao consumidor num intervalo íveis do rating atual. porativos e ao iço) reflete um conjunto comum a de rating, dividimos estas midos a seguir: e detalhada que mapeia cada amental ao rating (incluindo os sub-fatores) e mostra a categoria de rating específica indicada pela metodologia para cada um dos ## emissores representados. Notamos, porém, que o rating de nenhuma empresa irá coincidir exatamente com os valores atribuídos na abordagem analítica -- isto é, um emissor com rating Ba não receberá Ba em todos os fatores ou sub-fatores. De fato, o rating final é uma ponderação de todos os fatores de rating que identificamos, e das notas da...

...ACE Seguradora S.A. is a subsidiary of ACE INA Holdings, Inc., based in Philadelphia, USA, and an indirect wholly-owned subsidiary of ACE Limited (NYSE: ACE), domiciled in Zurich, Switzerland. The company provides commercial and personal insurance, distributing them largely through multinational brokers and mass (affinity) marketing ­ such as credit cards, retail stores, utilities, telephone companies, and financial institutions. ACE Seguradora is headquartered in São Paulo and has sales branches in the major cities in Brazil. The company started operations in Brazil as early as ####, but only as ACE Seguradora since ####, after the purchase of the global property & casualty operations of CIGNA Corporation by ACE Limited. ACE Seguradora is well positioned in the core segments it operates, being among the leaders in the marine, liability and certain financial lines segments, as well as a leader in the mass marketing distribution market, where it offers life, accident & health, theft and...

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 # Please note that the difference between the Portfolio Outstanding Amount and the Current Balance of the notes is cash in the transaction that is held in the acquisition fund account....

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 # The Information on Liquidity Facility is currently not reported by Bank of New York. Footnotes - Capital Structure Footnotes - Portfolio Assumption Expected Loss (EL) and Milan Aaa...

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...

...Total Loan# % of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool 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...

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...

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...

...November #### Sector Comment Moody's Global Corporate Finance - On Track ­ Preliminary October US Lodging Data...

...Headquartered in Switzerland, Adecco S.A. (Baa#, stable) was created in #### from the merger of Switzerland-based Adia and France-based Ecco. Adecco is currently the world's largest personnel services company with around ## billion in revenues in fiscal year ended ## December #### (FY####), ahead of Randstad Holding N.V. with revenues of ##.# billion in #### (on a pro forma basis including Vedior) and Manpower Inc. (Baa#, stable) with revenues of US$##.# billion (equivalent to around ##.# billion) in FY####....

...Moody's rated affordable multifamily housing bonds are expected to continue to face negative credit pressures over the next twelve to eighteen months. Over the past ## months, the majority of the projects backing these bonds have experienced a decline in rental revenue due to high unemployment rates, increased vacancy rates, and heightened competition within the applicable local rental markets. The decline in project rental revenue has been a key driver in the downgrade of approximately $### million, or ##.#% of total rated debt outstanding over the past year and the basis for the negative outlooks that are currently assigned to ##.#% of the Moody's rated bonds in the sector....

...Series #-####-# Amount Legal Final Step-up Class Rating (million) % of notes* Maturity Date Contacts...

...King Street Funding Trust (King Street) is a prior review, partially supported, multiseller Canadian ABCP program sponsored and administered by Scotia Capital, a wholly-owned subsidiary of The Bank of Nova Scotia (BNS). King Street is one of two Canadian ABCP programs sponsored by Scotia Capital. Its sister ABCP conduit in Canada is Bay Street Funding Trust. In addition to the Canadian ABCP programs, BNS also sponsors and administers one U.S. ABCP conduit out of its New York agency, Liberty Street Funding LLC. King Street issues ABCP and uses the proceeds to purchase various types of assets, including trade and term receivables. The ABCP has a ### day tenor limitation and may not be redeemed before its maturity. Assets can be denominated in both Cana- dian and U.S. dollars. It is King Street's intention to issue ABCP in the same currency as the assets it purchases, but that may not always be the case. To mitigate any currency risk, King Street will enter into hedge transactions. Moody's...

...Issuer: BMC FIDC - Crédito Consignado INSS Type of Trust: Master program, closed-ended receivables' investment fund (FIDC) Asset Type: Personal loans backed by consignment of INSS-linked loans Pool Currency: Brazilian Reais Pool Reporting Frequency: Monthly Series: ####-# Originator/Primary Servicer: Banco Finasa BMC S.A. (fully owned by Banco Bradesco S.A.) Master/Back-up Servicer: Banco Bradesco S.A. (A# bank deposit rating on the global local currency scale & Aaa.br on the Brazilian national scale) Trustee: BEM DTVM Ltda (fully owned by Banco Bra- desco) External Auditor: KPMG Auditores Independentes Legal Counsel (Issuer): Motta, Fernandes Rocha Advogados Original Balance (Senior): R$ #,###MM...

...Direitos autorais: ####, Moody's Investors Service, Inc., e/ou suas licenciadas, sociedades controladoras, sob controle comum ou controladas (em conjunto, a "MOODY'S"). Todos os direitos reservados. AS INFORMAÇÕES CONTIDAS NESTE DOCUMENTO SÃO PROTEGIDAS PELA LEGISLAÇÃO DE DIREITOS AUTORAIS E NÃO PODEM SER COPIADAS, REPRODUZIDAS, TRANSMITIDAS, DIVULGADAS, REVENDIDAS OU ARMAZENADAS PARA USO SUBSEQÜENTE PARA QUALQUER DESSES FINS, NO TODO OU EM PARTE, DE QUALQUER FORMA OU MEIO, POR QUALQUER PESSOA, SEM O CONSENTIMENTO PRÉVIO, POR ESCRITO, DA MOODY'S. Todas as informações contidas neste documento foram obtidas pela MOODY'S junto a fontes que ela considera precisas e confiáveis. Devido à possibilidade de erro humano ou mecânico, bem como outros fatores, contudo, essas informações são fornecidas "no estado em que se encontram", sem garantia de qualquer tipo, e a MOODY'S não presta, a respeito dessas informações, qualquer declaração ou garantia, expressa ou implícita, quanto à precisão, grau de...

...U.S. insurance regulators are currently considering a proposal to modify risk-based capital (RBC) requirements for insurers' investments in residential mortgage-backed securities (RMBS)....

...Information as of: Programme Name: Rheingold Securitisation Limited CONTACTS Sponsor/Administrator: Deutsche Bank AG (Aa#/P-#/B) London Type: Multi-Seller...

...Date format throughout report is DD/MM/YYYY. The CNE will calculate the amount payable in any year based on the target interest rate (set as the average of the daily #-mth Euribor in November in the previous year). The amount paid to the Issuer does not depend on actual electricity consumption as there is an explicit obligation on the CNE to pay the set amount to the Issuer each month. Moody's has been advised by the transaction counsel that the manner in which the financing of this Tariff Deficit has been made gives rise to full recourse to the Spanish state should the CNE fail to honour its obligations....

...% of Current % of Current Amount at Pool at Loan Current Origination Number of Loan Name Closing Closing Amount Pool Date...

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.

...The divestments announced by Lloyds and RBS this week as part of their EC state aid remedies, will be unwelcome for the banks in question. In addition to these divestments, the new Northern Rock plc ­ the "good bank" resulting from the split of Northern Rock comprising its retail savings accounts and some mortgages ­ is likely to be put up for sale in the near future as and when the market has returned to a more stable mode. This raises the possibility of either new challenger banks appearing in the UK or of smaller players gaining a much stronger foothold. As is the full intention of the European commission, competition in the UK banking sector will increase which we expect to lead to lower margins for banks. We caution that similar risks arose in the past when Northern Rock and HBOS took on the role of the challenger to the incumbent large clearing banks in the mortgage, real estate and SME markets. However, we do not think that the divestments will meaningfully undermine the franchise...

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...

Global Credit Research Rating Update # NOV #### Rating Update: Broome (County of) NY MOODY'S DOWNGRADES BROOME COUNTY'S (NY) G.O. RATING TO Baa# FROM A# Baa# RATING AFFECTS APPROXIMATELY $## MILLION OF OUTSTANDING Broome (County of)...

Global Credit Research Rating Update # NOV #### Rating Update: Ballard County Public Properties Corporation, KY MOODY'S DOWNGRADES TO A#/NEGATIVE OUTLOOK FROM Aa#/NEGATIVE OUTLOOK BALLARD COUNTY PUBLIC PROPERTY CORPORATIONS SERIES...

Global Credit Research Rating Update # NOV #### Rating Update: Colorado Water Resources & Power Dev. Auth. MOODY'S CORRECTS THE INSURED RATING OF THE COLORADO WATER RESOURCES & POWER DEVELOPMENT AUTHORITY, SMALL WATER RESOURCE REVENUE...

Global Credit Research Rating Update # NOV #### Rating Update: Episcopal High School, VA MOODY'S AFFIRMS EPISCOPAL HIGH SCHOOL'S A# LONG-TERM BOND RATING; OUTLOOK IS STABLE AFFIRMATION AFFECTS $##.# MILLION OF RATED DEBT Alexandria...

Global Credit Research Rating Update # NOV #### Rating Update: Greater Pottsville Area Sewer Authority, PA MOODY'S WITHDRAWS THE Baa# RATING ON GREATER POTTSVILLE AREA SEWER AUTHORITY'S (PA) $#.## MILLION SEWER REVENUE BONDS, SERIES...

Global Credit Research Rating Update # NOV #### Rating Update: Homewood Educational Building Authority, AL MOODY'S DOWNGRADES SAMFORD UNIVERSITY'S $##.# MILLION OF RATED REVENUE DEBT TO A# FROM A#; OUTLOOK REVISED TO NEGATIVE AS RATING...

Global Credit Research Rating Update # NOV #### Rating Update: West Penn Allegheny Health System MOODY'S AFFIRMS Ba# RATING ON WEST PENN ALLEGHENY HEALTH SYSTEM'S (PA) OUTSTANDING BONDS; OUTLOOK REMAINS NEGATIVE ACTION AFFECTS $###...

Global Credit Research Rating Update # NOV #### Rating Update: AIG SunAmerica, Inc. MOODY'S DOWNGRADES TO A# FROM Aa# THE RATING ASSIGNED TO CERTAIN MULTIFAMILY HOUSING REVENUE BONDS PASS-THROUGH CERTIFICATES OF BENEFICIAL OWNERSHIP,...

Global Credit Research Rating Update # NOV #### Rating Update: Ohio HFA - GNMA Coll.-(Cov. Hou. Apt) #### C MOODY'S PLACES # STATE HFA MULTIFAMILY TRANSACTIONS AND # LOCAL HFA MULTIFAMILY DEALS ON WATCHLIST FOR POSSIBLE DOWNGRADE $##,###,###...

Global Credit Research Rating Action # NOV #### Rating Action: Howard (County of) MD, Multifamily Housing Revenue Bonds (Patuxent Square Apartments Project), Series ####, $#.###MM MOODY'S PLACES # LOCAL HFA MULTIFAMILY TRANSACTIONS...

Global Credit Research Rating Action # NOV #### Rating Action: Tokyo Metropolitan CBO Moody's downgrades SME CDO bonds issued by Excellent Collaboration TMK Series # Class B and C specified bonds totalling JPY ##.# billion affected...

Global Credit Research Rating Action # NOV #### Rating Action: Millennium Park CDO I, Ltd. Moody's places the ratings under review for downgrade of CBO notes issued by Millennium Park CDO I, Ltd. New York, November ##, #### -- Moody's...

Global Credit Research Rating Action # NOV #### Rating Action: Foley Square CDO ####-# Ltd. Moody's takes negative rating actions on Foley Square CDO ####-# Ltd., a CBO $##MM of notes and $###MM of CDS notional affected New York, November...

Global Credit Research Rating Action # NOV #### Rating Action: Wicker Park CDO I, Ltd. Moody's places the ratings under review for downgrade of CBO notes issued by Wicker Park CDO I, Ltd. New York, November ##, #### -- Moody's Investors...

Global Credit Research Rating Action # NOV #### Rating Action: Thor Asset Purchase Company Limited Moody's confirms the A# ratings of the notes issued by Thor Asset Purchase Company Limited $#### Million of Debt Securities Affected...

Global Credit Research Rating Action # NOV #### Rating Action: Minneapolis (City of) MN, Multifamily Housing Revenue Bonds (GNMA Collateralized Mortgage Loan - Vantage Flats Project), Seri MOODY'S CONFIRMS Aaa RATING ON ## HOUSING...

Global Credit Research Rating Action # NOV #### Rating Action: St. Paul Housing & Redevelopment Authority, MN, Multifamily Housing Revenue Bonds (GNMA Collateralize Mortgage Loan - Winnipe MOODY'S PLACES # STATE HFA MULTIFAMILY TRANSACTIONS...

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

Global Credit Research Rating Action # NOV #### Rating Action: Bella Trust Series ####-# Moody's assigns Bella Trust Series ####-# ABS provisional ratings Approximately ### million of debt securities rated Sydney, November ##, ####...

Global Credit Research Rating Action # NOV #### Rating Action: Corsair (Jersey) No.# Series ## Moody's assigns A# to Corsair (Jersey) No.# repackaged notes JPY # billion of debt securities affected Tokyo, November ##, #### -- Moody's...

Global Credit Research Announcement # NOV #### Announcement: Moody's reports: Seller Share can provide credit support to UK RMBS Master Trust Notes London, ## November #### -- In a new Special Comment, Moody's Investors Service examines...

Global Credit Research Announcement # NOV #### Announcement: Moody's: ACAS CLO ####-#, Ltd. ratings unaffected by Supplemental Indenture No. # New York, November ##, #### -- Moody's Investors Service has determined that entry by ACAS...

Global Credit Research Announcement # NOV #### Announcement: Moody's to publish additional guidance on operational risk in securitized transactions New York, November ##, #### -- Moody's Investors Service announced today that it will...

Global Credit Research Announcement # NOV #### Announcement: Moody's: US life insurers' spread-based lending falls victim to credit crunch New York, November ##, #### -- Until recently, the institutional spread business, which involves...

Global Credit Research Announcement # NOV #### Announcement: Moody's says Australian ABS sees return of optimism; performance stabilising Sydney, November ##, #### -- Moody's Investors Service says in a new report that the Australian...

Global Credit Research Announcement # NOV #### Announcement: Moody's says CorpSource ratings unaffected by recent credit agreement amendment New York, November ##, #### -- Moody's Investors Service today stated that the recent amendment...

Global Credit Research Announcement # NOV #### Announcement: Moody's: European spec-grade defaults continue to increase in October Global default rate reaches a record high; US rate also rises New York, November ##, #### -- The European...

Global Credit Research Announcement # NOV #### Announcement: Moody's: Default rate reaches a record high of ##.#% in October New York, November ##, #### -- The trailing ##-month global speculative-grade default rate edged up to ##.#%...

Global Credit Research Announcement # NOV #### Announcement: Moody's: Jet Backlogs, U.S. War Spending Buoy Aerospace and Defense Industry New York, November ##, #### -- The stable outlook for global aerospace and defense anticipates...

Global Credit Research Announcement # NOV #### Announcement: Moody's Tracks the Performance of the Largest Private Equity Firms New York, November ##, #### -- The ## largest leveraged buy-out deals financed in the ####-#### credit...

Global Credit Research Announcement # NOV #### Announcement: Moody's Liquidity-Stress Index Suggests Default Rate Set to Plunge New York, November ##, #### -- The rate of non-financial companies that go into default could soon begin...

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 Rating Update # NOV #### Rating Update: California (State of) MOODY'S UPGRADES OUTSTANDING CALIFORNIA ECONOMIC RECOVERY BONDS TO A# FROM Baa# ON CLOSURE OF REFUNDING TRANSACTION OVER $# BILLION IN ERBS OUTSTANDING;...

Global Credit Research Rating Update # NOV #### Rating Update: Wayne (City of) MI MOODY'S DOWNGRADES CITY OF WAYNE'S (MI) OUTSTANDING GOLT DEBT TO Baa# FROM A# AFFECTING $##.#MILLION, OUTLOOK IS NEGATIVE AFFIRMS A# IMPLIED GOULT RATING...

Global Credit Research Rating Action # NOV #### Rating Action: Language Line Holdings, LLC Moody's upgrades Language Line's CFR to Ba#; outlook stable Approximately $### million of rated debt securities affected New York, November...

Global Credit Research Rating Action # NOV #### Rating Action: Starwood Hotels & Resorts Worldwide Inc. Moody's assigns a Ba# rating to Starwood's note issue Approximately $#.##B of rated debt affected New York, November ##, #### --...

Global Credit Research Rating Action # NOV #### Rating Action: Telefonos de Mexico, S.A.B. de C.V. Moody's assigns A# rating to Telmex's proposed global notes Approximately USD ### million in proposed notes affected Mexico City, November...

Global Credit Research Rating Action # NOV #### Rating Action: Telefonos de Mexico, S.A.B. de C.V. Moody's asigna calificacin de A# a las notas globales propuestas de Telmex Aproximadamente $### millones de dólares en notas...

Global Credit Research Rating Action # NOV #### Rating Action: Service Corporation International Moody's rates Service Corp's new senior notes B#; upsized revolver Baa# Approximately $# billion of rated securities affected New York,...

Global Credit Research Rating Action # NOV #### Rating Action: Schering-Plough Corporation Moody's affirms Merck, upgrades Schering; outlook now stable Approximately $## billion of rated debt and preferred stock affected. New York,...

Global Credit Research Rating Action # NOV #### Rating Action: Pfizer Inc. Moody's upgrades Wyeth to A# based on Pfizer guarantee Approximately $##.# billion of rated debt affected. New York, November ##, #### -- Moody's Investors...

Global Credit Research Rating Action # NOV #### Rating Action: Shaw Communications Inc. Moody's rates Shaw Communications senior unsecured notes Baa# C$### million of new notes rated Toronto, November ##, #### -- Moody's Investors...

Global Credit Research Rating Action # NOV #### Rating Action: DLR Kredit A/S Moody's downgrades DLR Kredit (Denmark) to A# from A# London, ## November #### -- Moody's Investors Service has today downgraded the issuer rating of DLR...

Global Credit Research Announcement # NOV #### Announcement: Transurban Finance Company Pty Ltd Moody's comments on non-binding proposal for the acquisition of Transurban Sydney, November ##, #### -- Moody's Investors Service notes...

Global Credit Research Announcement # NOV #### Announcement: United Kingdom, Government of Moodys: UK Treasury Asset Scheme Achieves Modest Risk Reduction for Government London, ## November #### -- The UK Treasury's recent agreements...

Global Credit Research Announcement # NOV #### Announcement: Alokabank Joint-Stock Commercial Bank Moody's continues rating review for three Uzbek banks Moscow, November ##, #### -- Moody's Investors Service today said that it is maintaining...

Global Credit Research Announcement # NOV #### Announcement: Scripps Networks Interactive, Inc. Moody's says Scripps Networks' rating unaffected by announcement to acquire controlling interest in the Travel Channel New York, November...

Global Credit Research Rating Action # NOV #### Rating Action: Equifax Inc. Moody's assigns Baa# rating to new Equifax debt Approximately $### million of debt affected New York, November ##, #### -- Moody's Investors Service assigned...

Global Credit Research Rating Action # NOV #### Rating Action: TransAlta Corporation Moody's confirms TransAlta's Baa# senior unsecured rating, outlook stable Approximately US$#.# billion of debt securities affected Toronto, November...

Global Credit Research Announcement # NOV #### Announcement: Jamaica, Government of Moody's monitors rating implications of Jamaica-IMF negotiations New York, November ##, #### -- To assess the potential rating implications for Jamaica,...

Global Credit Research Rating Action # NOV #### Rating Action: Georgia-Pacific LLC Moody's revises GP's rating outlook to positive Approximately $##.# billion of debt securities affected New York, November ##, #### -- Moody's Investors...

Global Credit Research Rating Action # NOV #### Rating Action: Independence II CDO, Ltd Moody's downgrades one class of Notes issued by Independence CDO II, Ltd, an ABS CDO Approximately $### million original issuance amount of Notes...