Epstein Secrets

index (other than an Eligible Loan Index) over the same period by 0.50%; or (d) it has been placed under review for upgrade or has been upgraded by Moody's or it has been upgraded or placed by S&P on a credit watch list with potential of developing positive credit implications or improvement in its rati

n that (a) in the Investment Manager's reasonable business judgment, has improved in credit quality since its acquisition by the Issuer, and (b) if the Restricted Trading Condition applies, satisfies at least one of the Appreciated Criteria. 5 ING IM CLO 2011-1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-005608

x (other than an Eligible Loan Index) over the same period by 0.50%; or (d) it has been placed under review for downgrade or has been downgraded by Moody's or it has been downgraded or placed by S&P on a credit watch list with potential of developing negative credit implications or deterioration in its

ger's reasonable business judgment, has a significant risk of declining in credit quality or, over time, becoming a Defaulted Obligation, and (b) if the Restricted Trading Condition applies, satisfies at least one of the Credit Risk Criteria. "Credit Suisse": Credit Suisse Securities (USA) LLC. "Current Pay Obligation": Any Pl

such rating under the caption "Aggregate Percentage": Long-Term Senior Unsecured Debt Rating Individual Percentage (%) Aggregate Percentage (%) Moody's S&P Ma AAA 20.0 20.0 AnI AA+ 10.0 10.0 Aa2 AA 10.0 10.0 Aa3 AA- 10.0 10.0 Al A+ 5.0 5.0 A2 A+ 5.0 5.0 Below A2 Below A+ 0

er's reasonable business judgment. has a significant risk of declining in credit quality or. over time. becoming a Defaulted Obligation, and (b) if the Restricted Trading Condition applies, satisfies at least one of the Credit Risk Criteria. 92 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0056402 CONFIDENTIAL SD