New York, October 06, 2016 -- Moody's Investors Service has determined that entry by Camber 3 plc (the "Issuer"), an SF CDO, into an Amendment dated as of October 7, 2016 to the Security Agreement dated as of April 20, 2005 by and among inter alios the Issuer, HSBC Trustee (C.I.) Limited as Trustee and Wells Fargo Bank, National Association as Collateral Agent (the "Amendment No. 1 to Security Agreement") and performance of the activities contemplated therein will not in and of themselves and at this time result in the withdrawal, reduction or other adverse action with respect to any current rating by Moody's (including any private or confidential rating) of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes issued by the Issuer. Moody's does not express an opinion as to whether the Amendment No.1 to Security Agreement could have non-credit-related effects.

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