New York, November 13, 2012 -- At the request of the York County Industrial Development Authority (the Authority), Moody's Investors Service (Moody's) has reviewed the documents submitted to us in connection with the above captioned issues (the Bonds). The existing standby bond purchase agreement (SBPA) provided by Fulton Bank is scheduled to be replaced by a substitute SBPA provided by PNC Bank, N.A. (the Bank) on December 4, 2012. The existing municipal bond insurance policy provided by Assured Guaranty Municipal Corp. (Assured) will remain in place.

Upon the effective date of the substitute SBPA, Moody's expects: (1) to upgrade the short-term rating to VMIG 1 from VMIG 2; (2) to place the short-term rating under review for downgrade; (3) the long-term rating to remain Aa3; and (4) the long-term rating to remain under review for downgrade. The long-term rating will continue to be based on the credit quality of Assured. The short-term rating will be based on upon the credit quality of the SBPA provided by the Bank and Moody's assessment of the likelihood of termination of the SBPA without an opportunity for bondholders to tender their Bonds. Any change in Assured's long-term rating would result in a reevaluation of the long-term and short-term ratings on the Bonds. Any change in the Bank's short-term rating would result in a reevaluation of the short-term ratings on the Bonds. Assured's long term rating is currently under review for downgrade.

Additionally, the short-ratings will expire upon the earliest to occur of: (i) December 4, 2015, the stated expiration date; (ii) the business day following the conversion of the Bonds to an interest rate mode other than the weekly mode; (iii) the business day following the substitution of the SBPA; (iv) the date on which the Bank's commitment is terminated pursuant to the terms of the SBPA or; (v) the date no Bonds are outstanding.

Moody's will publish a more detailed rating update report upon the effective date of the letters of credit.

Josephine Castro Analyst Public Finance Group Moody'sInvestors Service, Inc.250 Greenwich StreetNew York, NY 10007 U.S.A. JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653Thomas Jacobs VP - Senior Credit Officer Public Finance Group JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653 Releasing Office: Moody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007 U.S.A. JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653(C) 2012 Moody's Investors Service, Inc. and/or its licensors and affiliates (collectively, "MOODY'S"). All rights reserved.

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