London, 06 February 2015 -- Moody's Investors Service (Moody's) has determined that the amendments to the Servicing Agreement and the Cash Allocation, Management and Payment Agreement to be executed on or around 4th February 2015 (the "Amendments") for Capital Mortgage S.r.l. (Capital Mortgages Series 2007-1) (the "Issuer"), will not, in and of itself and at this time, result in a downgrade or withdrawal of the current rating of the notes (the "Notes") issued by the Issuer. Moody's opinion address only the credit impact of the Amendments, and Moody's is not expressing any opinion as to whether the Amendments have, or could have, other non-credit related effects that may have a detrimental impact on the interests of note holders and/or counterparties.

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