Standard & Poor's financial strength rating outlook for CIFG was misstated last week. The company's outlook was revised to negative from stable on June 7, 2007, as a result of CIFG's corporate governance policies and procedures, its succession planning for senior management, and concerns regarding the ongoing support for the business from parent Natixis, which subsequently infused $100 million into the company. ASR regrets the error.

(c) 2007 Asset Securitization Report and SourceMedia, Inc. All Rights Reserved.

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