Flagship CLO III Credit Rating

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Date	Document Type	Title	Source
11 Jul 2012	Rating Action	Moody's upgrades the ratings of notes issued by Flagship CLO III	Moody's Investors Service
14 Dec 2011	Rating Action	Moody's upgrades the ratings of notes issued by Flagship CLO III	Moody's Investors Service
12 Aug 2011	Rating Action	Moody's upgrades the ratings of notes issued by Flagship CLO III.	Moody's Investors Service
22 Jun 2011	Announcement	Moody's places 4,220 tranches from 611 U.S. and 171 European CLO transactions on review for upgrade	Moody's Investors Service
30 Dec 2010	Rating Action	Moody's upgrades the ratings of CLO notes issued by Flagship CLO III, Corp.	Moody's Investors Service
23 Nov 2010	Announcement	Moody's places the ratings of 225 tranches in 103 CLOs under review for possible upgrade	Moody's Investors Service
12 Jun 2009	Rating Action	Moody's downgrades the ratings of notes issued by Flagship CLO III	Moody's Investors Service
18 Mar 2009	Rating Action	Moody's takes rating action on 434 notes issued by 131 CLO transactions	Moody's Investors Service
04 Mar 2009	Announcement	Moody's puts all but senior-most CLO tranches on review for downgrade	Moody's Investors Service
08 Sep 2004	Rating Action	MOODY'S ASSIGNS RATINGS TO 6 CLASSES OF NOTES ISSUED BY FLAGSHIP CLO III	Moody's Investors Service

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