Moody's: Harbor 2006-1 and Harbor 2006-2 ratings unaffected by swap novation

New York, June 08, 2016 -- Moody's Investors Service has determined that the novation of the credit default swap counterparty obligations to a currently rated Aa1(cr) and P-1(cr) financial institution and performance of the activities contemplated therein, will not in and of themselves and at this time result in the immediate withdrawal or reduction with respect to the Moody's current rating of any class of notes issued by Harbor Series 2006-1 LLC ("Harbor 2006-1") or Harbor Series 2006-2 LLC ("Harbor 2006-2") (collectively the "Issuers"). Moody's does not express an opinion as to whether the novation could have non-credit related effects.

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