Sydney, May 15, 2014 -- Moody's Investors Service announced today that the execution of a waiver letter (the "Waiver") by the swap provider (National Westminster Bank PLC, "NatWest") relating to the swap agreement (the "Swap Agreement") between Crusade Global Trust No. 1 of 2007 (the "Issuer") and NatWest will not, in and of itself and at this time, result in a reduction or withdrawal of the current ratings of the notes issued by the Issuer.

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