London, 01 December 2014 -- Moody's Investors Service announced today that the proposal to retain Deutsche Bank AG ("the Bank") in its roles including issuer account bank and liquidity facility provider following the recent downgrade of the Bank's long-term rating to A3 and its short-term rating to (P)P-2, will not, in and of itself at this time, result in a reduction or withdrawal of the current ratings of the notes (the "Notes") issued by E-MAC DE 2007-I B.V., E-MAC DE 2006-II B.V., E-MAC DE 2006-I B.V. and E-MAC DE 2005-I B.V. (the "Issuers"). In addition, for E-MAC 2007-I B.V. the proposal includes the amendment of Moody's short term rating to Prime-2 from Prime-1 in the definitions of short term requisite rating for the liquidity facility provider and the trigger for the liquidity facility stand-by drawing.

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