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By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”).   References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates.

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Related Issuers
$71,857,125 6.70% Corporate-Backed Trust Securities Class A Certificates issued by CorTS Trust for SunAmerica Debentures
Anthracite Rated Investments (Cayman) Limited linked to Crown Global Investments Limited
Anthracite Rated Investments (Cayman) Limited Series 10
Anthracite Rated Investments (Cayman) Limited Series 12
ANTHRACITE RATED INVESTMENTS (CAYMAN) LIMITED Series 14
Anthracite Rated Investments (Cayman) Limited Series 15
Anthracite Rated Investments (Cayman) Limited Series 17
Anthracite Rated Investments (Cayman) Limited Series 8
ANTHRACITE RATED INVESTMENTS (JERSEY) LIMITED Series 10
ANTHRACITE RATED INVESTMENTS (JERSEY) LIMITED Series 11
Anthracite Rated Investments (Jersey) Limited Series 12
Anthracite Rated Investments (Jersey) Limited Series 13
Anthracite Rated Investments (Jersey) Limited Series 14
Anthracite Rated Investments (Jersey) Limited Series 27
Anthracite Rated Investments (Jersey) Limited Series 28
Anthracite Rated Investments (Jersey) Limited Series 29
Anthracite Rated Investments (Jersey) Limited Series 30
Anthracite Rated Investments (Jersey) Limited Series 31
Anthracite Rated Investments (Jersey) Limited Series 33
Anthracite Rated Investments (Jersey) Limited Series 35
Anthracite Rated Investments (Jersey) Limited Series 36
Anthracite Rated Investments (Jersey) Limited Series 4
Anthracite Rated Investments (Jersey) Limited Series 41
Anthracite Rated Investments (Jersey) Limited Series 42
Anthracite Rated Investments (Jersey) Limited Series 43
Anthracite Rated Investments (Jersey) Limited Series 45
Anthracite Rated Investments (Jersey) Limited Series 48
Anthracite Rated Investments (Jersey) Limited Series 49
Anthracite Rated Investments (Jersey) Limited Series 50
Anthracite Rated Investments (Jersey) Limited Series 51
Anthracite Rated Investments (Jersey) Limited Series 59
Anthracite Rated Investments (Jersey) Limited Series 60
Anthracite Rated Investments (Jersey) Limited Series 7
ANTHRACITE RATED INVESTMENTS (JERSEY) LIMITED Series 8
Anthracite Rated Investments (Jersey) Limited Series 9
Briarwood Commercial Paper Trust
Briarwood Commercial Paper Trust
CBTC American General Institutional Capital A Captial Securities-Backed Series 2002-17
Corporate-Backed Trust Certificates, AIG Debenture-Backed, Series 2002-10
SATURNS AIG Capital Security Backed Series 2002-11
Suetone Investments Limited Series 2
Suetone Investments Limited Series 3
Suetone Investments Limited, Series 1
TIERS Corporate Bond-Backed Certificates Series AGC 1997-10
Rating Action:

Moody's takes action on credit derivative transactions with AIG exposure

22 Sep 2008
Moody's takes action on credit derivative transactions with AIG exposure

New York, September 22, 2008 -- Moody's Investors Service announced today that is has downgraded and left on review for possible further downgrade its ratings of certain credit derivative transactions in the nature of structured notes listed below (the "Transactions") that have direct credit exposure to American International Group, Inc. ("AIG") or to one or more AIG subsidiaries. Moody's explained that its rating action is based upon the recent downgrade of the Moody's senior unsecured debt rating of AIG as well its rating actions regarding several AIG subsidiaries on September 15, 2008.

AIG or an AIG subsidiary is the obligor of the underlying assets held by the Transactions or the guarantor of the payments to the noteholders of the Transactions, and accordingly each Transaction has a direct pass-through exposure to the credit risk of AIG or an AIG subsidiary.

Moody's rating actions are as follows:

$71,857,125 6.70% Corporate-Backed Trust Securities Class A Certificates issued by CorTS Trust for SunAmerica Debentures

(1) Tranche Name: 6.70% Class A Certificates

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 10, 2008

Anthracite Rated Investments (Cayman) Limited linked to Crown Global Investments Limited

(1) Tranche Name: Series 7 Principal Protected Notes due 2009

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Cayman) Limited Series 10

(1) Tranche Name: Series 10 Principal Protected Notes due 2011

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Cayman) Limited Series 12

(1) Tranche Name: Series 12 Principal Protected Notes due 2009

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Cayman) Limited Series 17

(1) Tranche Name: Principal Protected Notes due 2014 linked to the HFRX Global Tracker Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Cayman) Limited Series 8

(1) Tranche Name: Series 8 Principal Protected Notes due 2009

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 10

(1) Tranche Name: Series 10 Euro 12,000,000 Principal Protected Bonds due 2012 linked to the LJH Sanctuary Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 11

(1) Tranche Name: Series 11 US$61,000,000 Principal Protected Bonds due 2012

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 10, 2008

Anthracite Rated Investments (Jersey) Limited Series 13

(1) Tranche Name: Series 13 Principal Protected Notes due 2013

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 14

(1) Tranche Name: Series 14 Principal Protected Bonds due 2013

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 27

(1) Tranche Name: Principal Protected Bonds due 2012 linked to US dollar denominated funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 28

(1) Tranche Name: Principal Protected Bonds due 2009 linked to Crown Global Investments Limited

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 29

(1) Tranche Name: Principal Protected Bonds due 2014 linked to the Hemisphere Defensive Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 5, 2008

Anthracite Rated Investments (Jersey) Limited Series 30

(1) Tranche Name: Principal Protected Bonds due 2012 linked to Anthracite Master Company (1) Limited and the Nucleus Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 31

(1) Tranche Name: Principal Protected Bonds due 2011 linked to Anthracite Master Company (1) Limited, Olympia Star II Ltd., and Nucleus Fund Ltd.

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 33

(1) Tranche Name: Principal Protected Bonds due 2018 linked to a Portfolio of Funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 2, 2008

Anthracite Rated Investments (Jersey) Limited Series 35

(1) Tranche Name: Principal Protected Bonds due 2015 linked to the Crown Structured Diversified Segregated Portfolio

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 10, 2008

Anthracite Rated Investments (Jersey) Limited Series 36

(1) Tranche Name: Principal Protected Bonds due 2015 linked to the Crown Structured Diversified Segregated Portfolio

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 10, 2008

Anthracite Rated Investments (Jersey) Limited Series 4

(1) Tranche Name: Series 4 Principal Protected Notes due 2014

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 41

(1) Tranche Name: Principal Protected Bonds due 2014 linked to the Planetarium Alternative Investments Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 2, 2008

Anthracite Rated Investments (Jersey) Limited Series 42

(1) Tranche Name: Principal Protected Bonds due 2018 linked to a portfolio of funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 43

(1) Tranche Name: Principal Protected Bonds due 2017 linked to the Crown Structured Diversified Segregated Portfolio

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 45

(1) Tranche Name: Principal Protected Bonds due 2013 linked to the Global Discovery Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 48

(1) Tranche Name: Principal Protected Bonds due 2013 linked to the Global Discovery Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 49

(1) Tranche Name: Series 49 Pound sterling denominated Minimum Redemption Amount Bonds due 2013 linked to a portfolio of funds of hedge funds and mutual funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 2, 2008

Anthracite Rated Investments (Jersey) Limited Series 50

(1) Tranche Name: Series 50 Euro 23,000,000 Principal Protected Bonds due 2016 linked to a basket of hedge funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 51

(1) Tranche Name: Series 51 Euro 59,400,000 Principal Protected Bonds due 2016 linked to a basket of funds of hedge funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Jersey) Limited Series 59

(1) Tranche Name: Series 59 €30,000,000 Principal Protected Bonds due 2018 linked to a basket of funds of hedge funds

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: September 11, 2008

Anthracite Rated Investments (Jersey) Limited Series 60

(1) Tranche Name: Series 60 US$12,890,000 130% Auto-Callable Principal Protected Bonds due 2014 Linked To Crown Global Investments Limited

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: September 11, 2008

Anthracite Rated Investments (Jersey) Limited Series 7

(1) Tranche Name: Series 7 Principal Protected Bonds due 2012

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: May 30, 2008

Anthracite Rated Investments (Cayman) Limited Series 14

(1) Tranche Name: Series 14 Principal Protected Notes due 2009

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

Anthracite Rated Investments (Cayman) Limited Series 15

(1) Tranche Name: Series 15 Principal Protected Notes due 2010

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

(2) Tranche Name: Series 15 Principal Protected Notes due 2010 (New Notes)

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

Anthracite Rated Investments (Jersey) Limited Series 12

(1) Tranche Name: Series 12 Principal Protected Bonds due 2013

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

(2) Tranche Name: Series 12 Principal Protected Bonds due 2013 (New Notes)

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

Anthracite Rated Investments (Jersey) Limited Series 8

(1) Tranche Name: Series 8 €19,000,000 Principal Protected Bonds due 2009 linked to the GAIM Hedge Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

Anthracite Rated Investments (Jersey) Limited Series 9

(1) Tranche Name: Series 9 Principal Protected Bonds due 2012

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 21, 2005

CBTC American General Institutional Capital A Capital Securities-Backed Series 2002-17

(1) Tranche Name: 6.125% Class A-1 Certificates

Current Rating: A3, on review for possible downgrade

Prior Rating: A1

Prior Rating Date: May 30, 2008

(2) Tranche Name: 1.445% Class A-2 Certificates

Current Rating: A3, on review for possible downgrade

Prior Rating: A1

Prior Rating Date: May 30, 2008

Corporate-Backed Trust Certificates, AIG Debenture-Backed, Series 2002-10

(1) Tranche Name: 6.70% Class A-1 Certificates

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 10, 2008

(2) Tranche Name: 0.5683% Class A-1 Certificates

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa3

Prior Rating Date: June 10, 2008

SATURNS AIG Capital Security Backed Series 2002-11

(1) Tranche Name: Class A Callable Units Due 2030

Current Rating: A3, on review for possible downgrade

Prior Rating: A1

Prior Rating Date: June 10, 2008

(2) Tranche Name: Class B Callable Units Due 2030

Current Rating: A3, on review for possible downgrade

Prior Rating: A1

Prior Rating Date: June 10, 2008

TIERS Corporate Bond-Backed Certificates Series AGC 1997-10

(1) Tranche Name: US $79,665,000 Amortizing Class Certificates

Current Rating: A3, on review for possible downgrade

Prior Rating: A1

Prior Rating Date: June 3, 2008

Suetone Investments Limited Series 2

(1) Tranche Name: Series 2 100% Principal Protected Bonds due 2015 linked to Crown Structured Diversified Segregated Portfolio

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 25, 2005

Suetone Investments Limited Series 3

(1) Tranche Name: Series 3 100% Principal Protected Bonds due 2012 linked to Crown Structured Diversified Segregated Portfolio Fund

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 25, 2005

Suetone Investments Limited, Series 1

(1) Tranche Name: Series 1 100% Principal Protected Bonds due 2012 linked to Crown Structured Diversified Segregated Portfolio

Current Rating: A2, on review for possible downgrade

Prior Rating: Aa2

Prior Rating Date: October 25, 2005

Briarwood Commercial Paper Trust

(1) Tranche Name: Briarwood Commercial Paper Trust Certificates due 4/16/2043

Current Rating: Aa3, on review for possible downgrade

Prior Rating: Aaa

Prior Rating Date: April 16, 2003

(2) Tranche Name: Class A

Current Rating: P-1, on review for possible downgrade

Prior Rating: P-1

Prior Rating Date: April 16, 2003

(3) Tranche Name: Class B-1

Current Rating: P-1, on review for possible downgrade

Prior Rating: P-1

Prior Rating Date: April 16, 2003

(4) Tranche Name: Class B-2

Current Rating: P-1, on review for possible downgrade

Prior Rating: P-1

Prior Rating Date: April 16, 2003

(5) Tranche Name: Class B-3

Current Rating: P-1, on review for possible downgrade

Prior Rating: P-1

Prior Rating Date: April 16, 2003

(6) Tranche Name: Class C

Current Rating: P-1, on review for possible downgrade

Prior Rating: P-1

Prior Rating Date: April 16, 2003

(7) Tranche Name: Class D

Current Rating: P-1, on review for possible downgrade

Prior Rating: P-1

Prior Rating Date: April 16, 2003

New York
Rodrigo Araya
Senior Vice President
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Suzanna Sava
Asst Vice President - Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
© 2019 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS RATINGS AFFILIATES (“MIS”) ARE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MOODY’S PUBLICATIONS MAY INCLUDE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND MOODY’S OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. CREDIT RATINGS AND MOODY’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR MOODY’S PUBLICATIONS COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS AND PUBLISHES MOODY’S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.

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Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any rating, agreed to pay to Moody’s Investors Service, Inc. for ratings opinions and services rendered by it fees ranging from $1,000 to approximately $2,700,000. MCO and MIS also maintain policies and procedures to address the independence of MIS’s ratings and rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold ratings from MIS and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”

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MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any rating, agreed to pay to MJKK or MSFJ (as applicable) for ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY250,000,000.

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