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market conditions that may change. 13 As of September 30. 20t7. 14 As of December 31. 2017. 15 The Issuer will continue to use ratings assigned by the Rating Agencies to obligors on individual Collateral Obligations. Such ratings will primarily be public ratings and private ratings. A credit rating of an asset suc
of any Collateral Obligation are only a preliminary indicator of investment quality and not a completely reliable assurance of investment quality. A Rating Agency may change its published ratings criteria or methodologies for loans and loan interests such as the Collateral Obligations at any time in the future
ourt of competent jurisdiction for the appointment of a successor collateral manager without the approval of the Issuer. Noteholders. the Trustee or the Rating Agencies. A "Key Manager Event" will occur if, at any time, the Collateral Manager fails to maintain one Key Manager. A "Key Manager" is a person employed b
Manager may resign and terminate the Collateral Management Agreement upon not less than 90 days' written notice to the Issuer, the Trustee and each Rating Agency; provided, however. that the Collateral Manager shall have the right to resign immediately upon the effectiveness of any material change in applica
ations ("NRSROs") providing the requisite certification will have access to all information posted on such website. As a result, an NRSRO other than the Rating Agencies may issue ratings on the Notes (-Unsolicited Ratings-), which may be lower, and could be significantly lower, than the ratings assigned by the Rati
, the Issuer has and will cause to be posted on a password-protected Internet website, at or before the time that such information is provided to a Rating Agency, all information the Issuer provides to such Rating Agency for the purposes of determining its initial credit rating of the Notes or undertaking cre
market conditions that may change. 13 As of September 30. 20t7. 14 As of December 31. 2017. 15 The Issuer will continue to use ratings assigned by the Rating Agencies to obligors on individual Collateral Obligations. Such ratings will primarily be public ratings and private ratings. A credit rating of an asset suc
of any Collateral Obligation are only a preliminary indicator of investment quality and not a completely reliable assurance of investment quality. A Rating Agency may change its published ratings criteria or methodologies for loans and loan interests such as the Collateral Obligations at any time in the future
ourt of competent jurisdiction for the appointment of a successor collateral manager without the approval of the Issuer. Noteholders. the Trustee or the Rating Agencies. A "Key Manager Event" will occur if, at any time, the Collateral Manager fails to maintain one Key Manager. A "Key Manager" is a person employed b
Manager may resign and terminate the Collateral Management Agreement upon not less than 90 days' written notice to the Issuer, the Trustee and each Rating Agency; provided, however. that the Collateral Manager shall have the right to resign immediately upon the effectiveness of any material change in applica
ations ("NRSROs") providing the requisite certification will have access to all information posted on such website. As a result, an NRSRO other than the Rating Agencies may issue ratings on the Notes (-Unsolicited Ratings-), which may be lower, and could be significantly lower, than the ratings assigned by the Rati
, the Issuer has and will cause to be posted on a password-protected Internet website, at or before the time that such information is provided to a Rating Agency, all information the Issuer provides to such Rating Agency for the purposes of determining its initial credit rating of the Notes or undertaking cre
Entities connected to both the Rating Agencies and Rating Agency

Moody's
ORGANIZATION
Eric Holder
PERSONthe Collateral Obligations
ORGANIZATIONthe Collateral Principal Amount
ORGANIZATIONthe Initial Purchaser
ORGANIZATIONthe Determination Date
ORGANIZATIONCollateral
ORGANIZATIONGrant
PERSONSupplemental Indentures
ORGANIZATIONStandard & Poor's
ORGANIZATIONthe Portfolio Profile Test
ORGANIZATION
Cayman Islands
LOCATIONNRSRO
ORGANIZATION
Luxembourg
LOCATIONMark D. Senkpiel
PERSONCollateral Manager Party
ORGANIZATIONthe Income Noteholders
ORGANIZATIONthe Requisite Securityholders
ORGANIZATIONHolder of Securities
ORGANIZATIONPotential for Unsolicited Ratings
ORGANIZATION