New York, July 13, 2015 -- Moody's announced today that the execution of the Second Amended and Restated Series 2013-2 Indenture Supplement (the Amendment) would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings currently assigned to the Series 2013-2 Floating Rate Asset Backed Notes (the Outstanding Notes) issued by Chesapeake Funding LLC.

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