Sydney, October 31, 2014 -- Moody's Investors Service announced today that a substitution of $105 million of mortgage loans into Series 2008-1 REDS Trust on 31 October 2014 (the "Substitution") would not, in and of itself and as of this time, result in the downgrade or withdrawal of the Class A notes issued by Perpetual Trustee Company Limited in its capacity as trustee of Series 2008-1 REDS Trust.
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