Citigroup Maintains Solar Capital Ltd. To Neutral With Price Target $20.00

Brokerage company Citigroup Maintains its score on Solar Capital Ltd.(NASDAQ: SLRC). In a research study note issued to the investors, the brokerage significant Raises the price-target to $20.00 per share. The shares have actually been ranked Neutral. The score by Citigroup was provided on Aug 16, 2016.

In a various note, On Aug 4, 2016, Deutsche Bank stated it Maintains its rating on Solar Capital Ltd. In the research study note, the firm Raises the price-target to $23.00 per share. The shares have been rated Buy by the firm. On Aug 3, 2016, Keefe Bruyette Woods said it Preserves its rating on Solar Capital Ltd. In the research study note, the firm Raises the price-target to $20.00 per share. The shares have been ranked Market Perform by the firm.

Solar Capital Ltd. (SLRC) made into the market gainers list on Mondays trading session with the shares advancing 1.13% or 0.23 points. Due to strong favorable momentum, the stock ended at $20.5, which is also near the day’s high of $20.51. The stock started the session at $20.35 and the volume stood at 1,09,796 shares. The 52-week high of the shares is $20.55 and the 52 week low is $15.05. The business has a present market capitalization of $866 M and it has 4,22,48,525 shares in exceptional.

Solar Capital Ltd.(SLRC) last revealed its earnings results on Aug 2, 2016 for Fiscal 2016 and Q2. Company reported profits of $41.37 M. Analysts had an approximated profits of $36.07 M. Earnings per share were $0.46. Analysts had actually estimated an EPS of $0.41.

A number of Expert Transactions has been reported to the SEC. On May 13, 2016, Steven Hochberg (director) acquired 12,000 shares at $18.33 per share cost. Likewise, On Mar 2, 2016, Michael S Gross (director officer) acquired 49,580 shares at $17.25 per share cost. On Mar 1, 2016, David Wachter (director) purchased 5,000 shares at $16.90 per share rate, according to the Form-4 filing with the securities and exchange commission.

Solar Capital Ltd. is a closed-end externally handled non-diversified management investment company that has elected to be dealt with as a business advancement company. The Companys investment objective is to generate both existing earnings and capital gratitude as a result of debt and equity financial investments. The Company invests mostly in leveraged middle markets companies in the type of senior protected loans mezzanine loans and equity securities. The Business is focused mainly on the direct origination of investments as a result of portfolio business or financial sponsors. The Companys investments typically vary from $5 million to $100 million each although it anticipates that this financial investment size might differ proportionately with the size of its capital base and/or tactical initiatives. The Company is managed by Solar Capital Partners LLC (Solar Capital Partners) which supplies the administrative services.

Fitch Rates Dryden 43 Senior Loan Fund/LLC

New York City–( BUSINESS WIRE)– Fitch Scores has appointed the following ratings and Rating Outlooks to
Dryden 43 Senior Loan Fund/LLC:

–$ 381,000,000 class A keeps in mind AAAsf; Outlook Stable;

–$ 4,800,000 class X keeps in mind AAAsf; Outlook Steady.

Fitch does not rate the class B, C, D, E or subordinated notes.

DEAL SUMMARY

Dryden 43 Senior citizen Loan Fund (the company) and Dryden 43 Elder Loan Fund
LLC (the co-issuer) make up an arbitrage money circulation collateralized loan
responsibility (CLO) that will be managed by PGIM, Inc. Net proceeds from
the issuance of the protected and subordinated notes will be used to
buy a portfolio of roughly $600 countless primarily senior
secured leveraged loans. The CLO will have a roughly five-year
reinvestment period and a two-year noncall duration.

SECRET RATING DRIVERS

Enough Credit Improvement: Credit improvement (CE) of 36.5% for
class A notes, in addition to excess spread, is sufficientsuffices to protect
against portfolio default and healing rate forecasts in the AAAsf
tension situation. The degree of CE readily available to the class A notes remains in
line with the average CE of recent CLO issuances and money circulationcapital modeling
results indicate performance in line with other Fitch-rated AAAsf CLO
notes. Class X notes are expected to be paid in completecompletely from the
application of interest profits in accordance with a payment schedule
over the very first 23 payment dates.

B+/ B Asset Quality: The average credit quality of the indicative
portfolio is B+/ B, which is comparable to recent CLOs. Companies ranked
in the B rating category signify an extremely speculative credit quality;
nevertheless, in Fitchs viewpoint, class A and X notes are not likely to be
affected by the foreseeable level of defaults. Class A and X notes are
robust against default rates of as much as 59.8% and 95.7%, respectively.

Strong Recovery Expectations: The a sign portfolio includes 96.1%.
initially lien senior safe loans. Roughly 89.3% of the indicative.
portfolio has either strong recovery prospects or a Fitch-assigned.
Healing Score of RR2 or greater, and the base case recovery.
assumption is 79.2%. In identifying the class A and X note scores,.
Fitch worried the a sign portfolio by assuming a higher portfolio.
concentration of assets with lower recovery potential customers and even more.
minimized healing assumptions for higher score tensions, resulting in a.
38.6% healing rate assumption in Fitchs AAAsf situation.

RATING FIRM VERIFICATIONS.

The transactions concentration restriction for fixed-rate possessions is.
at first 4%; nevertheless, the deal documents permit this constraint.
to be increased to 10% topic to invoice of score confirmation from.
Fitch. In addition, issuer account banks might be established at an.
organization that does not fulfill minimum rating requirements otherwise.
needed pursuant to the transaction files based on receipt of.
score confirmation from Fitch. Investors should be consciousknow that the.
provision of rating confirmations is at the discretion of Fitch, which.
might select not to provide rating verifications. Additional information.
concerning Fitchs position with respect to rating confirmations can be.
discovered in the special report titled Unexpected Repercussions of Score.
Verification References, dated Oct. 9, 2013, offered on Fitchs.
site at www.fitchratings.com.

SCORE SENSITIVITIES.

Fitch assessed the structures level of sensitivity to the possible variability.
of crucial design presumptions, including decreases in healing rates and.
boosts in default rates or connection. Fitch expects the class A.
notes to remain investment grade even under the most severe sensitivity.
circumstances, with outcomes under these sensitivity circumstances varying.
between A-sf and AAAsf. The class X notes are expected to stay.
AAAsf under even the most extreme sensitivity situations.

UTILIZE OF THIRD-PARTY FEE DILIGENCE PURSUANT TO SEC RULE 17G-10.

Type ABS Due Diligence-15E was not supplied to, or reviewed by, Fitch in.
relation to this rating action.

REPRESENTATIONS, WARRANTIES AND ENFORCEMENT MECHANISMS.

A description of the transactions representations, warranties and.
enforcement mechanisms (RWamp; Es) that are revealed in the offering.
file and which associate with the underlying asset swimming pool was not prepared.
for this transaction. Providing files for United States CLO transactions do.
not usually consist of RWamp; Es that are readily available to investors which.
relate to the possession swimming pool underlying the security. For that reason, Fitch.
credit reports for US CLO transactions will not generally include.
descriptions of RWamp; Es. For further details, please see Fitchs.
Special Report entitled Representations, Guarantees and Enforcement.
Mechanisms in Global Structured Finance Transactions, outdated May 31,.
2016.

Extra info is offered at www.fitchratings.com.

Sources of Details:.

Sources of information utilized to examine this score were provided by the.
arranger (Deutsche Bank Securities Inc.) and the general public domain.

Suitable Criteria.

Counterparty Criteria for Structured Finance and Covered Bonds (club. 18.
Jul 2016).

https://www.fitchratings.com/site/re/884963.

Requirements for Interest Rate Worries in Structured Financing Deals.
and Covered Bonds (club. 17 May 2016).

https://www.fitchratings.com/site/re/879815.

International Score Criteria for CLOs and Corporate CDOs (club. 28 Jul 2016).

https://www.fitchratings.com/site/re/885653.

Worldwide Structured Finance Rating Criteria (pub. 27 Jun 2016).

https://www.fitchratings.com/site/re/883130.

Additional Disclosures.

Dodd-Frank Score Details Disclosure Type.

https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=1010657.

Solicitation Status.

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1010657.

Recommendation Policy.

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2amp;detail=31.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO SPECIFIC CONSTRAINTS AND.
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING.
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, SCORE DEFINITIONS AND THE REGARDS TO USAGE OF SUCH RATINGS ARE.
OFFERED ON THE AGENCYS PUBLIC WEBSITE WWW.FITCHRATINGS.COM.
PUBLISHED RATINGS, CRITERIA AND APPROACHES ARE READILY AVAILABLE FROM THIS.
WEBSITE WHATSOEVER TIMES. FITCHS CODE OF CONDUCT, PRIVACY, CONFLICTS.
OF INTEREST, AFFILIATE FIREWALL PROGRAM, COMPLIANCE AND OTHER RELEVANT POLICIES.
AND PROCEDURES ARE ALSO READILY AVAILABLE FROM THE STANDARD PROCEDURES AREA OF.
THIS SITE. FITCH MAY HAVE SUPPLIED ANOTHER PERMISSIBLE SERVICE TO THE.
RANKED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR.
SCORES FOR WHICH THE LEAD EXPERT IS BASED IN AN EU-REGISTERED ENTITY.
CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH.
SITE.

Tips For Building Your Company From Scratch

When making the decisiondeciding to obtain out of the rent-paying video game and become a building owner in Mesquite, the first stepprimary step is to decide if you want to buy an existing structure or begin from scratch and construct your very own. It’s not a simple decision. Nevertheless, if you cant find an existing center in Mesquite that fulfills your requirements in the area you desire, the alternative is to build.The first stepprimary step you ought to take is to enlist the aid and recommendations of regional professionals in the financing and construction fields. There is a certain timeline to follow and a couple of precautions you need to require to secure yourself and make the whole procedure go as smoothly as possible.Consider these helpful tips: o Financing: Prior to you begin scouting for

a piece of home or a readily available lot

in Mesquite for your business, findlearn what size construction loan you can certifyget approved for and any constraints or constraints you might have to comply with. With that details in hand, its easier to discover the land you need before making an offer. Never make any commitments to purchase and construct or close escrow before you have solidified your business funding needs.A typical factor that small business owners point out for not building or owning their home in Mesquite is a lack of funds. In addition to standard loan programs, United States Small Company Administration( SBA )Guaranteed Loans can assist address that issue. SBA loans can supply high-leverage financing with low deposits for qualified customers. These loans can be utilized for a range of purposes, consisting of genuinerealty purchases and new construction.An additional benefitA fringe benefit of SBA loan products is that a little businessa small company owner in Mesquite can get one loan to cover the costs of building, devices purchases and working capital, with all the costs and costs figured out and divulged prior to closing. This means youll only have to sign one set of documents and attend one closing.o Licenses and Zoning Requirements: Once you discover a spot to develop, examine the regional zoning restrictions and the permitting process. If it is appropriately zoned for your needs and structure permits are obtainable, its now safe to make an offer. Keep in mind, it can use up to three months to secure the essential structure authorizations. Ensure the closing is contingent on proper zoning and that any rezoning or remapping is total before you sign on the dotted line. Your broker needs to compose this into the offer, and if they don’t or refusechoose not to, look for a brand-new broker. Its that important.o Architects: With financing information in hand, dealing with a designer becomes much easiera lot easier. Youll know exactly just how much money that’s readily available for your business to spend, and the designer will have standards and be able to remain on spending plan.

It’s important is very important to keep in mind that a designer might need four to eight weeks to finish the strategies, so budget plan your time accordingly.o Specialists: Make sure to take some time to determine and employ the bestthe very best specialist you can manage and get numerous quotes on the project before making a choicedeciding. Do not make your choice based solely on the most affordablethe most affordable bid. As part of your review procedure, check recommendations, monetary declarations, proof of liability and Nevada employees payment insurance. In addition, contact the Nevada professionals licensing board to see if any grievances have actually been filed or actions taken versus the specialists you’re thinking about. Finally, make certain your professional and designer satisfy each other early so they’re in contract on the timeline, budget and other special requirements or circumstances.Construction tasks can be stressful and time consuming, yet with a little persistence and prudence, building your very own center can be among the wisest decisions you can make. Dealing with proficient specialists will go a long way towards making your project a fulfilling and profitable experience.Mike Sexton is a Business Banking Manager for Wells Fargo in Southern Nevada. For more details, please see www.wellsfargo.com.

RPT-Bari NPL Deal A Test But Not A Plan

( Repeats without modifications to reach wider circulation)

* Bari NPL deal assisted by loan information, quality pool

* MPS dealing with higher challenges with distressed portfolio

* Bari public syndication to test financier belief

By Mariana Ionova

LONDON, Aug 25 (IFR) – Banca Popolare di Bari is poised to
test Italys new bad loan guarantee, however questions remain over
whether it can pave the way for other banks seeking to
securitise soured debt.Earlier this month

, Bari announced it had structured a. 140.5 m securitisation backed by non-performing loans, which it. plans to offer to the general public market with the help of Italys brand-new. state guarantee, known as Gacs.The assurance was created previously this year as a way to allow. banks strike better rates when offering NPLs, enabling them to. dropped some of their 360bn in bad financial obligation without taking deep losses. they cant absorb.When the trade does lastly emerge- via JP Morgan- it will.

be the very first openly sold NPL securitisation in Italy since.
2007, and is commonly anticipated to set a standard for other offers,. most notably a 9.2 bn leviathan deal by Banca Monte dei.
Paschi di Siena.Yet some remain sceptical the Bari structure can be utilized as.

a plan in an asset class long afflicted by inconsistent information,. niche security pools, unforeseeable healing times and heavy.
dependence on special servicers.I don’t believe we can develop a consistent market here, said. one investor.

I have a hard time to see how you can generalise and state,.
well weve done the first offer -this is the benchmark.He stated viewing NPL deals as uniform
could only end severely. Youll discover these bonds on the balance sheet of some bad. Scandinavian bank 10 years down the line, scratching their heads. over how they took a loss on a government-guaranteed bond.GOLD REQUIREMENT Baris offer advantagestake advantage of a number of strengths others might discover.
tough to emulate.For one, it has actually detailed loan-by-loan data, which stays. uncommon in Italian NPLs. This information

, provided by the servicer,. eventually assisted rating companies get comfy with a. structure where 90% of the notes are senior.DBRS noted the senior bonds represent just 27% of the. underlying collateral, which remains in line with 2000-2007 NPL. deals, according to the score firms head of European CMBS,.

Christian Aufsatz. But sources stated the large senior tranche
sets an. unrealistic precedent for the similarity MPS.
While Bari is said. to have actually cherry-picked stronger NPLs for its swimming pool, MPS will be.

required to drop its most bothersome loans to make way for a 5bn. capital increase, underwritten by a group led by
JP Morgan.You cant turn a blind eye and state its the same thing,.
said one source involved in the Bari structuring. Because at.
the end of the day, the portfolio truly matters here.The quality of the special servicer is also crucial, as. providers lay hefty responsibility on these groups to approximate how. rapidly they can recoup NPLs.
In Baris deal, the servicers. healing strategy was utilized

to design the maturity of the notes.Yet developing a trusted figure is a difficulty in a. country where healing times differ hugely and
can take up to 10. years in some court jurisdictions.Its like a lotto-
which postcode are you in and how. much time will it take? said Harish Kumar, handling director at. restructuring consultancy, Alvarez Marsal.Its not clear how you estimate that. Which the main. challenge.
If the servicer gets it incorrect and recovery takes longer,. mezzanine financiers can take a hit under the Gacs structure:. interest on those notes is delayed to safeguard the senior. principal.FOLLOWING FIT For MPS, the aim is to secure a Triple B score -and thus,. a government guarantee -for approximately 65% of its NPL deal.

This. represents roughly 21% of the underlying pool, just over half of. which is comprised of secured loans.But pre-crisis offers recommend the
lender might have a hard time to. attain this. In its 2001 Ulisse transaction, MPS sold 121m in. senior notes, representing 62

% of the offer and 32 %of the. portfolio. But those loans were 95% secured on property.In contrast, Ulisse 2 later on the very same year was backed by a. 62% unsecured swimming pool, which saw the 210m senior tranche account.
for just 36.8% of the securitisation,

only 6% of the 3.4 bn NPL. book value.These are really unique deals, stated Michelangelo. Margaria, senior vice president at Moodys.It extremely much depends upon
the kind of possession thats being. securitised and the quality of the portfolio. Bari can set a. precedent however it does not mean that all NPLs will have the exact same. tranching.The genuine test of the Bari structure and its possible to. restore the Italian NPL market will ultimately come as soon as it is. offered to the public market.At the right market cost, investors will be interested,.

stated Gennaro Pucci, primary investment officer at PVE Capital, a. fund management company that buys Italian NPLs.Having this offer is favorable for sure, but I don’t believe.
you can take it as a plan and continue printing in big. scale based on this.( Reporting by Mariana Ionova, editing by Robert Smith, Alex. Chambers and Julian Baker)

Moody’s Designates Scores To 5 Classes Of Notes Issued By Apidos CLO XXIV

New York, August 25, 2016– Moodys Investors Service, (Moodys) has
assigned scores to five classes of notes issued by Apidos CLO XXIV (the.
Issuer or Apidos XXIV).

Moodys score action is as follows:.

US$ 248,000,000 Class A-1 Senior citizen.
Protected Floating Rate Notes due 2027 (the Class A-1 Notes),.
Definitive Rating Assigned Aaa (sf).

US$ 50,000,000 Class A-2 Senior.
Safe Drifting Rate Notes due 2027 (the Class A-2 Notes),.
Definitive Score Assigned Aa2 (sf).

US$ 32,000,000 Class B Mezzanine Deferrable.
Floating Rate Notes due 2027 (the Class B Notes), Definitive Score.
Appointed A2 (sf).

US$ 20,000,000 Class C Mezzanine Deferrable.
Floating Rate Notes due 2027 (the Class C Notes), Definitive Score.
Appointed Baa3 (sf).

US$ 18,000,000 Class D Mezzanine Deferrable.
Drifting Rate Notes due 2027 (the Class D Notes), Conclusive Score.
Appointed Ba3 (sf).

The Class A-1 Notes, Class A-2 Notes, Class.
B Notes, Class C Notes and Class D Notes are described herein,.
jointly, as the Ranked Notes.

SCORES RATIONALE.

Moodys ratings of the Rated Notes resolve the anticipated losses postured to.
noteholders. The ratings show the risks due to defaults on the.
underlying portfolio of possessions, the transactions legal structure,.
and the attributes of the underlying possessions.

Apidos XXIV is a managed cash circulation CLO. The provided notes will be.
collateralized mainly by broadly syndicated very first lien senior protected.
corporate loans. At least 96% of the portfolio should consist.
of senior protected loans and qualified financial investments (including cash),.
and approximately 4% of the portfolio might consist of 2nd lien loans.
and unsecured loans. The portfolio is around 85%.
ramped as of the closing date.

CVC Credit Partners, LLC (the Supervisor) will direct the selection,.
acquisition and personality of the possessions on behalf of the Provider and.
may participate in trading activity, consisting of discretionary trading,.
during the deals four and a half year reinvestment period.
Afterwards, the Supervisor may reinvest unscheduled primary payments.
and continuesfollows sales of credit risk possessions, based on specific.
constraints.

In addition to the Rated Notes, the Provider has issued subordinated.
notes.

The deal incorporates interest and par protection tests which,.
if set off, divert interest and primary proceeds to pay for.
the notes in order of seniority.

Moodys modeled the transaction using a money flowa capital model based upon the Binomial.
Expansion Strategy, as described in Section 2.3.2.1.
of the Moodys Global Technique to Score Collateralized Loan Obligations.
rating methodology published in December 2015.

For modeling functions, Moodys utilized the following base-case.
presumptions:.

Par amount: $400,000,000.

Diversity Rating: 65.

Weighted Typical Rating Element (WARF): 2788.

Weighted Average Spread (WAS): 3.85%.

Weighted Typical Discount coupon (WAC): 7.00%.

Weighted Average Healing Rate (WARR): 46.5%.

Weighted Average Life (WAL): 8 years.

Methodology Underlying the Score Action:.

The primary approach used in these ratings was Moodys Global Approach.
to Score Collateralized Loan Commitments released in December 2015.
Please see the Scores Approaches page on www.moodys.com.
for a copy of this method.

Aspects That Would Result in an Upgrade or Downgrade of the Scores:.

The efficiency of the Rated Notes undergoes uncertainty. The.
performance of the Rated Notes is delicate to the efficiency of the.
underlying portfolio, which in turn depends upon economic and credit.
conditions that might change. The Supervisors investment decisions.
and management of the transaction will also affect the performance of.
the Rated Notes.

Together with the set of modeling assumptions above, Moodys carried out.
an extra level of sensitivity analysis, which was an element in determining.
the scores assigned to the Rated Notes. This level of sensitivity analysis.
consists of increased default possibility relative to the base case.

Below is a summary of the effect of a boost in default probability.
( revealed in regards to WARF level) on the Rated Notes (revealeddisplayed in terms.
of the number of notch difference versus the current model output,.
where a negative distinction represents higher predicted losses),.
presuming that all other elements are held equal:.

Portion Modification in WARF– increase of 15% (from.
2788 to 3206).

Score Effect in Score Notches.

Class A-1 Notes: 0.

Class A-2 Notes: -1.

Class B Notes: -2.

Class C Notes: -1.

Class D Notes: 0.

Portion Modification in WARF– increase of 30% (from.
2788 to 3624).

Score Effect in Rating Notches.

Class A-1 Notes: 0.

Class A-2 Notes: -2.

Class B Notes: -4.

Class C Notes: -2.

Class D Notes: -1.

Further information concerning Moodys analysis of this deal might be.
found in the related pre-sale report, available on Moodys.com.

REGULATORY DISCLOSURES.

For additional specification of Moodys crucial score presumptions and level of sensitivity.
analysis, see the areas Method Assumptions and Sensitivity.
to Assumptions of the disclosure form.

Further details on the representations and warranties and enforcement.
mechanisms available to investors are readily available on http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1039158.

The analysis counts on an assessment of security characteristics to.
identify the security loss circulation, that is, the function.
that associates to a presumption about the probability of event to.
each level of possible losses in the security. As a second action,.
Moodys evaluates each possible security loss situation utilizing a.
model that replicates the relevant structural features to obtain payments.
and for that reason the ultimate prospective losses for each ranked instrument.
The loss a rated instrument sustains in each collateral loss circumstance,.
weighted by presumptions about the probability of events in that scenario.
taking place, leads to the expected loss of the ranked instrument.

Moodys quantitative analysis entails an evaluation of scenarios.
that tension elements adding to sensitivity of scores and take into.
account the probability of extreme security losses or impaired money flows.
Moodys weights the effectinfluence on the ranked instruments based on its.
presumptions of the likelihood of the occasions in such scenarios occurring.

For scores released on a program, series or category/class of financial obligation,.
this statement provides certain regulatory disclosures in relation.
to each rating of a subsequently issued bond or note of the same series.
or category/class of debt or pursuant to a program for which the scores.
are obtained solely from existing scores in accordance with Moodys.
rating practices. For ratings provided on an assistance service provider,.
this statement offers specific regulatory disclosures in relation.
to the credit score action on the support company and in relation to.
each certain credit rating action for securities that obtain their.
credit scores from the assistance suppliers credit score.
For provisionary scores, this announcement supplies particular regulatory.
disclosures in relation to the provisional score appointed, and.
in relation to a conclusive score that might be designated subsequent to.
the final issuance of the debt, in each case where the transaction.
structure and terms have actually not altered prior to the assignment of the definitive.
rating in a way that would have affected the rating. For even more.
info please see the scores tab on the issuer/entity page for the.
particular issuer on www.moodys.com.

For any afflicted securities or ranked entities receiving direct credit.
support from the main entity( ies) of this credit score action,.
and whose ratings may change as a result of this credit rating action,.
the associated regulatory disclosures will be those of the guarantor entity.
Exceptions to this method exist for the following disclosures,.
if relevant to jurisdiction: Ancillary Solutions, Disclosure.
to ranked entity, Disclosure from ranked entity.

Regulatory disclosures consisted of in this press release use to the credit.
score and, if relevant, the associated rating outlook or rating.
evaluation.

Please see www.moodys.com for any updates on modifications to.
the lead score analyst and to the Moodys legal entity that has actually provided.
the rating.

Please see the scores tab on the issuer/entity page on www.moodys.com.
for additional regulatory disclosures for each credit rating.

Yinni Li
Analyst
Structured Finance Group
Moodys Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
USA.
REPORTERS: 212-553-0376
CUSTOMERS: 212-553-1653

Danielle Nazarian
Senior Vice President
Structured Financing Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Releasing Workplace:
Moodys Investors Service, Inc.
250 Greenwich Street
New york city, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653


Moodys assigns scores to five classes of notes provided by Apidos CLO XXIV