Analysis: Ranking Motion: Moody’s Downgrades Asset Backed Securities Company Dwelling Fairness Mortgage Belief 2003-HE6 Class A3-B Ranking

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Moody’s Buyers Service, Inc., a credit standing company wholly owned subsidiary of Moody’s Company (“MCO”), hereby discloses that the majority issuers of debt securities (together with company and municipal bonds, debentures, notes and business paper) and most well-liked inventory rated by Moody’s Buyers Service, Inc. have agreed, previous to the project of any credit standing, to pay Moody’s Buyers Service, Inc. for credit standing opinions and providers supplied by Moody’s Buyers Service, Inc., at charges starting from between $1,000 and roughly $5,000,000. The MCO and Moody’s Buyers Service additionally preserve insurance policies and procedures to handle the independence of Moody’s Buyers Service’s credit score scores and credit standing processes. Details about sure affiliations which will exist between MCO administrators and rated entities, and between entities which have Moody’s Buyers Service credit score scores and have additionally publicly reported to the SEC an curiosity in MCOs of greater than 5%, is revealed yearly at www. . .moodys.com beneath the heading “Investor Relations — Company Governance — Director and Shareholder Membership Coverage”.

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Further Phrases for Japan Solely: Moody’s Japan KK (“MJKK”) is a credit standing company wholly owned subsidiary of Moody’s Group Japan GK, which is wholly owned by Moody’s Abroad Holdings Inc., an entirely owned subsidiary of MCO. Moody’s SF Japan KK (“MSFJ”) is an entirely owned subsidiary of MJKK. MSFJ will not be a nationally acknowledged statistical ranking group (“NRSRO”). Subsequently, the credit score scores assigned by MSFJ are Credit score Scores not NRSROs. Non-NRSRO credit score scores are assigned by an entity that isn’t an NRSRO, and consequently, the rated obligation won’t qualify for sure varieties of therapy beneath US regulation. MJKK and MSFJ are credit standing companies registered with the Japan Monetary Companies Company and their registration numbers are FSA Commissioner (Scores) No. 2 and three respectively.

MJKK or MSFJ (as relevant) hereby disclose that the majority issuers of debt securities (together with company and municipal bonds, debentures, notes, and business paper) and most well-liked inventory rated by MJKK or MSFJ (as relevant) have, previous to of any credit standing project, you’ve got agreed to pay MJKK or MSFJ (as relevant) for credit standing opinions and providers supplied by it, charges starting from JPY 100,000 to roughly JPY 550,000,000.

MJKK and MSFJ additionally preserve insurance policies and procedures to handle Japanese regulatory necessities.

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