New York, September 28, 2015 -- Moody's Investors Service (Moody's) was informed that 525 Delaware LLC, a Delaware limited liability company and the Borrower for the 525 Seventh Avenue Loan, has elected to defease the Loan with US Government Securities. The proposed defeasance will become effective upon satisfaction of the conditions precedent set forth in the governing documents. Moody's has reviewed the defeasance transaction and has determined that this proposed defeasance will not, in and of itself, and at this time, result in a downgrade or withdrawal of the current ratings to any class of certificates rated by Moody's for Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates Series 2007-HQ11.

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