New York, June 29, 2015 -- Moody's Investors Service has determined that entry by South Coast Funding II Ltd. (the "Issuer"), an SF CDO, into a supplemental indenture dated as of June 29, 2015 (the " First Supplemental Trust Deed") by and among the Issuer, South Coast Funding II Corp., as Co-Issuer and The Bank of New York Mellon Trust Company National Association, as Trustee, and performance of the activities contemplated therein, will not in and of themselves and at this time result in the reduction, qualification, withdrawal or downgrade of or adversely affect any of the current ratings of the Notes issued by the Issuer. Moody's does not express an opinion as to whether the First Supplemental Trust Deed could have non-credit-related effects.

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