Moody's: Broderick CDO 2 Ltd. ratings unaffected by Second Supplemental Indenture and Amendments

New York, October 09, 2015 -- Moody's Investors Service has determined that entry by Broderick CDO 2 Ltd. (the "Issuer"), an SF CDO, into (i) a supplemental indenture dated as of October 9, 2015 (the "Second Supplemental Indenture") by and among the Issuer, Broderick CDO 2 Corp., as Co-Issuer and The Bank of New York Mellon Trust Company, National Association (successor to JPMorgan Chase Bank, National Association), as Trustee, (ii) an amendment to the Preferred Share Paying Agency Agreement, dated as of October 9, 2015 (the "PSPAA Amendment"), by and among the Issuer, Fund Fiduciary Partners Limited (as successor to Intertrust SPV (Cayman) Limited) as Preferred Share Registrar and The Bank of New York Mellon Trust Company, National Association (successor to JPMorgan Chase Bank, National Association), as the Preferred Share Paying Agent, and (iii) an amendment to the Collateral Management Agreement, dated as of October 9, 2015 (the "CMA Amendment", and together with the PSPAA Amendment, the "Amendments"), between the Issuer and Apollo ST Debt Advisors LLC (formerly known as Stone Tower Debt Advisors LLC) as Collateral Manager, and performance of the activities contemplated therein, will not in and of themselves and at this time result in the withdrawal, reduction or other adverse action with respect to any current rating (including any private or confidential rating) by Moody's of any Class or Sub-class of Notes issued by the Issuer. Moody's does not express an opinion as to whether the Second Supplemental Indenture and Amendments could have non-credit-related effects.

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