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Announcement:

Moody's Updates its EMEA CMBS Rating Methodology

19 May 2015

Frankfurt am Main, May 19, 2015 -- Moody's Investors Service has today republished Moody's Approach to Rating EMEA CMBS Transactions. The revised primary credit rating methodology report updates and clarifies several sections of the report. The rating approach itself remains however unchanged.

The clarifications and updates affect (1) the scope of information required for EMEA CMBS transactions, (2) the determination of a tenant's credit quality, (3) our country risk analysis and (4) the surveillance analysis conducted for rated CMBS transactions. Additionally, certain references in footnotes and exhibits were updated throughout the report.

The republication will not result in any changes to outstanding ratings of EMEA CMBS transactions.

This press release is not intended to provide a summary of the methodology. For a full explanation of the methodology, please consult the updated report, now available on www.moodys.com and accessible via the link below.

LINK TO UPDATED METHODOLOGY REPORT:

http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF405473

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

Oliver Schmitt
Vice President - Senior Analyst
Structured Finance Group
Moody's Deutschland GmbH
An der Welle 5
Frankfurt am Main 60322
Germany
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Andrea Daniels
Associate Managing Director
Structured Finance Group
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Releasing Office:
Moody's Deutschland GmbH
An der Welle 5
Frankfurt am Main 60322
Germany
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

Moody's Updates its EMEA CMBS Rating Methodology
No Related Data.
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