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CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS RATINGS
<br /> AFFILIATES ("MIS") ARE MOODY'S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT
<br /> RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND
<br /> MOODY'S PUBLICATIONS MAY INCLUDE MOODY'S CURRENT OPINIONS OF THE RELATIVE
<br /> FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE
<br /> SECURITIES. MOODY'S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET
<br /> ITS CONTRACTUAL, FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED
<br /> FINANCIAL LOSS IN THE EVENT OF DEFAULT. CREDIT RATINGS DO NOT ADDRESS ANY
<br /> OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR
<br /> PRICE VOLATILITY. CREDIT RATINGS AND MOODY'S OPINIONS INCLUDED IN MOODY'S
<br /> PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY'S
<br /> PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT
<br /> RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY'S ANALYTICS, INC.
<br /> CREDIT RATINGS AND MOODY'S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE
<br /> INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND MOODY'S PUBLICATIONS
<br /> ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD
<br /> PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR MOODY'S PUBLICATIONS
<br /> COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR.
<br /> MOODY'S ISSUES ITS CREDIT RATINGS AND PUBLISHES MOODY'S PUBLICATIONS WITH THE
<br /> EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE
<br /> ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR
<br /> PURCHASE, HOLDING, OR SALE.
<br /> MOODY'S CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL
<br /> INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE
<br /> MOODY'S CREDIT RATINGS OR MOODY'S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION.
<br /> IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.
<br /> ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO,
<br /> COPYRIGHT LAW,AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE
<br /> REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED,
<br /> REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN
<br /> WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON
<br /> WITHOUT MOODY'S PRIOR WRITTEN CONSENT.
<br /> CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A
<br /> BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN
<br /> ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK.
<br /> All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and
<br /> reliable. Because of the possibility of human or mechanical error as well as other factors, however, all
<br /> information contained herein is provided "AS IS"without warranty of any kind. MOODY'S adopts all necessary
<br /> measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources
<br /> MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However,
<br /> MOODY'S is not an auditor and cannot in every instance independently verify or validate information received
<br /> in the rating process or in preparing the Moody's publications.
<br /> To the extent permitted by law, MOODY'S and its directors, officers, employees, agents, representatives,
<br /> licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or
<br /> incidental losses or damages whatsoever arising from or in connection with the information contained herein or
<br /> the use of or inability to use any such information, even if MOODY'S or any of its directors, officers, employees,
<br /> agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or
<br /> damages, including but not limited to: (a)any loss of present or prospective profits or(b)any loss or damage
<br /> arising where the relevant financial instrument is not the subject of a particular credit rating assigned by
<br /> MOODY'S.
<br /> To the extent permitted by law, MOODY'S and its directors, officers, employees, agents, representatives,
<br /> licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any
<br /> person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any
<br />
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