rchase certain corporate obligations and short-term obligations of banks and bank holding companies with short-temt debt ratings of at least A-I by Standard & Poor's Ratings Services (-S&P"), P-I by Moody's Investors Service. Inc. ("Moody's") and Fl by Fitch, Inc. ("Fitch"), as further described under "Investment Policy". Each

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GLOUS143 Henry Nicholas Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLOUS125 Gerald Ford Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLDUSI26 Pacific Life Insurance Co Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

no: S&P's U.S. Weekly Economic Roundup: Solid As A Rock Date: Fri, 07 Nov 2014 22:51:34 +0000 Sent from my iPhone Begin forwarded message: From: "Standard & Poor's Ratings Services" <[email protected]> Date: November 7, 2014, 5:26:48 PM EST To: Subject: From Beth Ann Bovino: S&P's U.S. Weekly Economic Round

a whole. For example, in March 2015, Moody's Investors Service published its revised methodology for rating banks globally, and, in December 2015, Standard & Poor's Ratings Services ("M") removed the government support assumptions on the eight U.S. global systemically important banks, including us, which resulted in a one- notch

GLDUS238 SOUTHERN FINANCIAL LLC Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

n reliance on Rule 144A and issued in the form of a permanent global security in definitive. fully registered form without interest coupons. "S&P": Standard & Poor's Ratings Services. Standard & Poor's Financial Services LLC business. "S&P CDO Monitor": The dynamic. analytic computer model developed by S&P and used to estimate de

al Security": The meaning specified in Section 2.2(c). "Rule 144A Information": The meaning specified in Section 7.15. "S&P" or "Standard & Poor's: Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., and any successor or successors thereto. "S&P CDO Monitor": A dynamic, analytical computer program

GLDUS1 33 Georgetown University Endowment Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLDUS132 EverWatch Financial Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLDUS138 Ian Slome Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

Cliff rap Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLDUS238 SOUTHERN FINANCIAL LLC Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

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GLOUSI44 Glenn Warren Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLIDUS128 Patrick Gerschel Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLDUSI 30 Aspen Grove Capital, LLC Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c

GLDUS131 Bright Group Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a comparable rating agency, (iii) obligations of the United States or (iv) c