13.05.2013 20:26:00

Moody's comments on the performance of F&C Commercial Property Finance Limited, EMEA CMBS

London, 13 May 2013 -- Following a performance review, Moody's has concluded that the transaction's performance continues to be in line with expectations and is commensurate with the Aaa (sf) rating of the fixed rate Secured Bonds due in June 2017 (the "Bonds"). The underlying loan matures in June 2015. In particular, taking into account the covenants of the transaction, the rating level is supported by the Bonds' low Moody's note-to-value ratio of 47%, which translates into an expected low probability of default at loan maturity.

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