London, 26 April 2013 -- Moody's Investors Service stated today that the ratings of the notes issued by CELF Loan Partners V Limited (the "Issuer") will not be affected by the proposal (the "Proposal") of CELF Advisors LLP (the "Collateral Manager") to sell certain FX options. Under the terms of the transaction, the Collateral Manager, acting on behalf of the Issuer, has the ability to sell FX Options in whole, or in part, from time to time. The Collateral Manager intends to sell FX Option 11 and 21 of the Initial FX Derivative Transactions, which expire in July 2013.

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