Moody's Investors Service withdrew its rating on $152 million in senior notes and $19 million in second priority senior notes, due Dec. 12, 2008, issued by Aeltus CBO Limited, a CDO that closed in December 1996.

The withdrawal followed the issuer's liquidation, which resulted in partial redemption of the senior notes. The second priority notes did not receive any of the liquidation proceeds. The notes were initially rated Aa2 and Baa3, respectively.

In September 2001, investors voted to transfer the role of collateral manager from Aeltus Investment Manage -ment to ING Ghent Asset Management.

Morgan Stanley underwrote the deal.

Meanwhile, on the same day, the rating agency placed on review for possible upgrade the Ba2 rating of the senior secured floating-rate notes due 2009 issued by Aeltus CBO II Limited. All other classes of notes in this transaction are unaffected by this most recent review.

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