New York, October 29, 2013 -- Moody's Investors Service has determined that entry by Newcastle CDO VIII 1, Limited and Newcastle CDO VIII 2, Limited (the "Co-Issuers") into a novation agreement among the Co-Issuers, The Bank of New York Mellon (the "Transferee") and Credit Suisse International (the "Transferor"), dated as of October 28, 2013 relating to two existing swap transactions pursuant to the ISDA Master Agreement dated as of November 16, 2006 (the "Novation 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 ratings or credit estimates) of any Class or Sub-Class of Notes issued by the Co-Issuers. Moody's does not express an opinion as to whether the Novation Agreement could have non-credit-related effects.

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