New York, November 14, 2014 -- Moody's Investors Service has determined that entry by Hamilton Gardens CDO, Ltd. (the "Issuer"), an SF CDO, into an amended note purchase agreement and a supplemental indenture each dated as of November 14, 2014 (the "Amendments") 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 shadow, private or confidential rating) by Moody's of any Class of Notes issued by the Issuer. Moody's does not express an opinion as to whether the Amendments could have non-credit-related effects.

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