Counterparty Ratings

Counterparty Name Moody’s Moody’s Outlook S&P S&P Outlook Fitch Fitch Outlook Last Updated
AIG Financial Products Corp Baa1 Stable A- Negative BBB+ Stable 02-Mar-16
Allied Irish Banks PLC Ba2 Positive BB+ Positive BB+ Positive 02-Mar-16
Banco Bilbao Vizcaya Argentaria Baa1 Stable BBB+ Stable A- Stable 02-Mar-16
Banco Popular Espanol SA Ba1 Stable B+ Positive BB- Positive 02-Mar-16
Banco Santander SA A3 Stable A- Stable A- Stable 02-Mar-16
Bank of America Corp Baa1 Stable BBB+ Stable A Stable 02-Mar-16
Bank of America NA A1 Positive A+ Stable A+ Stable 24-Jan-17
Bank of Montreal A1 Negative A+ Stable AA- Stable 11-May-17
Bank of New York Mellon Aa2 Stable AA- Stable AA Stable 22-May-15
Bank of Nova Scotia A1 Negative A+ Stable AA- Stable 11-May-17
Bank of Tokyo-Mitsubishi UFJ Ltd A1 Stable A+ Negative A Stable 02-Mar-16
Barclays Bank PLC A1 Negative A Negative A Stable 19-Oct-17
Bayerische Landesbank A2 Stable NR A- Stable 02-Mar-16
BNP Paribas A1 Stable A+ Negative A+ Stable 02-Mar-16
Citibank NA A1 Stable A+ Positive A+ Stable 27-Oct-17
Citigroup Inc Baa1 Stable BBB+ Stable A Stable 02-Mar-16
Commerzbank Baa1 Stable BBB+ Negative BBB Positive 02-Mar-16
Commonwealth Bank of Australia Aa2 Negative AA- Negative AA- Stable 18-Aug-16
Credit Agricole A2 Positive A Stable A Positive 02-Mar-16
Credit Suisse A2 Stable A Stable A Positive 02-Mar-16
Depfa Bank PLC Ba1 Stable A- Stable WD 02-Mar-16
Deutsche Bank AG Baa2 Stable A- Negative BBB+ Stable 29-Sep-17
Dexia Credit Local Baa3 Stable BBB Stable BBB+ Stable 02-Mar-16
General Electric Capital Corp A1 Stable AA+ Stable 10-May-13
Goldman Sachs Bank USA A1 Stable A+ Stable A+ Stable 03-Apr-17
Goldman Sachs Group Inc A3 Stable BBB+ Stable A Stable 02-Mar-16
Goldman Sachs Mitsui Marine Derivative Products LP Aa2 AA+ Stable 02-Mar-16
HSBC Bank PLC Aa2 Stable AA- Stable AA- Stable 10-Jun-15
HSBC Bank USA NA Aa3 Stable AA- Stable AA- Stable 10-Jun-15
JPMorgan Chase Bank NA Aa3 Stable A+ Stable AA- Stable 22-May-15
KeyBank NA A3 Negative A- Negative A- Negative 02-Mar-16
Lloyds TSB Bank PLC A1 Positive A Stable A+ Stable 10-Jun-15
Merrill Lynch Capital Services Baa1 Stable BBB+ Stable A Stable 02-Mar-16
Merrill Lynch Derivative Products AG Aa3 AA Stable NR 03-Apr-17
Mitsubishi UFJ Trust and Banking Corp A1 Stable A+ Negative A Stable 02-Mar-16
Mizuho Corporate Bank Ltd A1 Stable A Stable A- Stable 02-Mar-16
Morgan Stanley A3 Stable BBB+ Stable A Stable 02-Mar-16
Morgan Stanley Derivative Products A1 A+-t Stable 02-Mar-16
Natixis Financial Products Inc A2 Stable A Stable A Stable 02-Mar-16
PNC Bank NA A2 Stable A Stable A+ Stable 02-Mar-16
Royal Bank of Canada A1 Negative AA- Stable AA Negative 11-May-17
Royal Bank of Scotland Group PLC Ba1 Positive BBB- Positive BBB+ Stable 02-Mar-16
SMBC Capital Markets Inc A1 Stable A Stable A Stable 02-Mar-16
SMBC Derivative Products Ltd Aa1 AA- Stable 02-Mar-16
Societe Generale A2 Stable A Stable A Stable 02-Mar-16
SunTrust Bank Baa1 Stable BBB+ Stable A- Stable 02-Mar-16
Swiss RE Financial Products Corp Aa3 Stable AA- Stable 04-Apr-14
TD Bank NA A1 Stable AA- Stable AA- Stable 22-May-15
Toronto-Dominion Bank Aa2 Negative AA- Stable AA- Stable 11-May-17
Trinity Funding Co LLC AA+ Negative 02-Mar-16
UBS AG A1 Stable A Positive A+ Positive 29-Sep-17
Union Bank NA A2 Stable A+ Negative A Stable 02-Mar-16
US Bank NA A1 Stable AA- Stable AA Stable 02-Mar-16
Wachovia Bank NA Aa3 Stable NR AA 22-May-15
Wells Fargo Bank NA Aa2 Stable AA- Stable AA Stable 22-May-15