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7.3. SR 11-20-2006
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7.3. SR 11-20-2006
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1/21/2008 8:36:41 AM
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11/17/2006 10:07:26 AM
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11/20/2006
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<br />rk Ruff - Elk River <br /> <br /> <br /> <br />rating or other opinion must be weighed solely as one factor in any investment <br />decision made by or on behalf of any user of the information contained herein, <br />and each such user must accordingly make its own study and evaluation of each <br />security and of each issuer and guarantor of, and each provider of credit <br />support for, each security that it may consider purchasing, holding or <br />selling. MOODY'S hereby discloses that most issuers of debt securities <br />(including corporate and municipal bonds, debentures, notes and commercial <br />paper) and preferred stock rated by MOODY'S have, prior to assignment of any <br />rating, agreed to pay to MOODY'S for appraisal and rating services rendered by <br />it fees ranging from $1,500 to $2,400,000. Moody's Corporation (MCO) and its <br />wholly-owned credit rating agency subsidiary, Moody's Investors Service (MIS), <br />also maintain policies and procedures to address the independence of MIS's <br />ratings and rating processes. Information regarding certain affiliations that <br />may exist between directors of MCO and rated entities, and between entities <br />who hold ratings from MIS and have also publicly reported to the SEC an <br />ownership interest in MCO of more than 5%, is posted annually on Moody's <br />website at www.moodys.com under the heading "Shareholder Relations - Corporate <br />Governance - Director and Shareholder Affiliation Policy." <br />Moody's Investors Service pty Limited does not hold an Australian financial <br />services licence under the Corporations Act. This credit rating opinion has <br />been prepared without taking into account any of your objectives, financial <br />situation or needs. You should, before acting on the opinion, consider the <br />appropriateness of the opinion having regard to your own objectives, financial <br />situation and needs. <br /> <br />This email has been scanned for all viruses by the MessageLabs Email <br />Security System. <br />
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