22.01.2016 22:28:00

Moody's affirms ratings of two classes of notes issued by Arbor 2015-FL1, Ltd.

New York, January 22, 2016 -- Moody's Investors Service has affirmed the ratings on the following notes issued by Arbor Realty Commercial Real Estate Notes 2015-FL1, Ltd ("Arbor 2015 FL1"):

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