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Moody's Rating Moody's Rating Factor Moody's Rating Moody's Rating Factor "Aaa" 1 "Bal" 940 "Aa I" 10 "Ba2" 1350 "Aa2" 20 "Ba3" 1766 40
3490 "A3" 180 "Caal" 4770 "Baa 1 " 260 "Caa2" 6500 "Baa2" 360 "Caa3" 8070 "Baa3" 610 "Ca" or lower 10000 For purposes of determining the Weighted Average Rating, (i) any Collateral Obligation issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Moody's
the foregoing. if the Moody's rating or ratings used to determine the Moody's Obligation Rating or Ratings arc on watch for downgrade or upgrade by Moody's, such rating or ratings will be adjusted down one subcategory. (if on watch for downgrade) or up one subcategory (if on watch for upgrade). -Moody'
0 Bat 1,350 Ba3 1,766 B I 2,220 B2 2,720 B3 3,490 Caa I 4,770 Caa2 6,500 Caa3 8,070 Ca or below 10.000 For purposes of determining the Weighted Average Rating, (i) any Collateral Obligation issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Moody's R
In the case of a Synthetic Security, the Synthetic Security Counterparty or issuer, as the case may be, has a long-term senior unsecured rating by Moody's of at least "Al", and if rated "Al" by Moody's, such rating is not on watch for downgrade, and a long-term senior unsecured rating by. of at least
3490 "A3" 180 "Caal" 4770 "Baal" 260 "Caa2" 6500 "Baa2" 360 "Caa3" 8070 "Baa3" 610 "Ca" or lower 10000 For purposes of determining the Weighted Average Rating, (i) any Collateral Obligation issued or guaranteed by the United States government or any agency or instrumentality thereof is assigned a Moody's
Entities connected to both Moody's and the Weighted Average Rating

Moody
PERSONMoody's Non Senior Secured Loan
ORGANIZATIONMoody's Rating
ORGANIZATIONthe Moody's Assigned Rating
ORGANIZATIONMoody's Rating of "
ORGANIZATIONMoody's Adjusted Rating Factor
ORGANIZATIONthe Moody's Rating Factor for any
ORGANIZATIONMoody's Rating Factor of 1
ORGANIZATIONthe "Moody's Recovery Amount
ORGANIZATIONthe Moody's Obligation
ORGANIZATION