Moody's reinstates the rating for an Interest Only tranche on Global Franchise Trust 1998-1

New York, June 19, 2015 -- Moody's is reinstating the rating on Class X Interest Only tranche that was previously inadvertently withdrawn. The current rating on the Class X is based on the weighted average current ratings of all referenced bonds using their outstanding principal balances grossed up for write-downs, in accordance with "Moody's Approach to Rating Structured Finance Interest-Only Securities," published in February 2012. The Class X refers to Class B, Class C, Class D, Class E, Class F and Class NR, with outstanding balances of $6.6 million, $11.0 million, $2.1 million, $0, $0 and $0, and cumulative write-downs of $0, $0, $6.5 million, $13.5 million, $6.1 million and $9.8 million, respectively. The Class B is currently rated Ca, and Classes C and D are rated C. Moody's did not rate the Class D, Class F nor Class NR.

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