New York, October 17, 2016 -- Moody's Investors Service, ("Moody's") affirmed Private National Mortgage Acceptance Company, LLC's ("PennyMac") B1 Corporate Family Rating ("CFR") and assigned a B2 long-term issuer rating. In addition, Moody's has withdrawn the B2 unsecured bond rating with the company's postponement of its proposed $300 million unsecured bond offering.
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