New York, August 12, 2013 -- Moody's Investors Service announced today that it is correcting the rating history and withdrawing the rating for the U.S. $3,000,000 Class F Combination Notes due 2019 issued by Phoenix CLO III, Ltd. Components of the Class F Combination Notes were unwound in whole on April 5th 2011. However, Moody's was not informed about the unwinding of the transaction at the time, and the trustee continued to furnish Moody's with statements indicating that the transaction remained outstanding. Based on the information provided by the trustee, on July 11, 2013 Moody's affirmed the rating at Aaa (sf).

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