New York, February 14, 2014 -- Moody's Investors Service has determined that the appointment of Dock Street Capital Management, LLC ("Dock Street") as successor Collateral Manager to Libertas Preferred Funding I, Ltd., (the "Issuer") appointed as of February 14, 2014 under the provisions of a Collateral Management Agreement (the "Agreement") between the Issuer and the current Collateral Manager dated as of May 25, 2006 (the "Appointment") 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 by Moody's (including any private or confidential rating) of any Class of Notes issued by the Issuer. Moody's does not express an opinion as to whether the Appointment could have non-credit-related effects.
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