Moody's: Solstice ABS CBO III, Ltd. ratings unaffected by Appointment of Successor Collateral Manager and Changes to Management Agreement

New York, April 16, 2015 -- Moody's Investors Service has determined that the appointment of Dock Street Capital Management, LLC ("Dock Street") as replacement Collateral Manager (the "Appointment") to Solstice ABS CBO III, Ltd., (the "Issuer"), entry by the Issuer into an amended and restated Collateral Management Agreement between the Issuer and Dock Street and the related assignment of the Collateral Administration Agreement to Dock Street (the "Agreements") dated as of April 16, 2015 and performance of the activities contemplated therein will not in and of themselves and at this time result in the withdrawal, reduction or other adverse action with respect to any current rating by Moody's (including any private or confidential rating) of any Class of Notes issued by the Issuer. Moody's does not express an opinion as to whether the Appointment and Agreements could have non-credit-related effects.

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