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CDO Action: Moody's

Three classes of notes issued by High Tide CDO I S.A. were recently assigned ratings by Moody's Investors Service. The EUR100.5 million CDO recieved the following: the EUR54.4 class A secured floating rate notes carry the 'Aaa' rating; the EUR17.0 class B secured floating rate notes carry the 'Aa1' rating; and the EUR29.0 class C secured floating rate notes carry the 'A3' rating.

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