Moody's: E*Trade ABS CDO V ratings unaffected by Termination of Guaranteed Investment Contract.

New York, January 08, 2015 -- Moody's Investors Service has determined that termination by E*Trade ABS CDO V, Ltd. (the "Issuer"), an SF CDO, effective as of January 8, 2015, of the existing investment agreement (the "GIC") between Cooperatieve Centrale Raiffeisen-Boerenleenbank, B.A. ("Rabobank") as GIC Provider, the Issuer and Wells Fargo Bank, National Association as Trustee dated as of August 30, 2006 (the "GIC Termination") 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 GIC Termination could have non-credit-related effects.

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