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Extensive research, analyses and discussions have been made on the below mentioned points: The removal from Rating Watch Negative was based on the stabilization of the servicing situation of these loans, the steady performance of the below mentioned securitizations, and the adequacy of the credit enhancement available to the below mentioned classes. Due to the below mentioned restructuring of Pricer operations in the US and the low order inflow for ESL systems on this market the Board has deemed that the valuation of the market rights is incompatible with the requirement for reliability of the underlying forecasts required by present accounting standards. |
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