New York, July 25, 2014 -- Moody's Investors Service has determined that the appointment of Dock Street Capital Management, LLC ("Dock Street") as Replacement Collateral Manager to Orient Point CDO II, Ltd. (the "Issuer") under the provisions of an amended and restated Collateral Management Agreement between the Issuer and Dock Street dated as of July 25, 2014 (the "Appointment and Amendment") 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 ratings) by Moody's of any Class of Notes issued by the Issuer. Moody's does not express an opinion as to whether the Appointment and Amendment could have non-credit-related effects.

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