Fitch: AAL 2013-2 EETCs' Ratings Unaffected by Change in Liquidity Facility Provider
Fitch has been notified that Natixis (rated 'A/F1'/Stable Outlook by Fitch) will replace Morgan Stanley Bank N.A. ('A/F1'/Stable Outlook) as the liquidity facility provider for the AAL 2013-2 class A and class B certificates. Fitch's ratings for the two financial institutions are commensurate, and the replacement of the liquidity facility provider will not cause a reduction, withdrawal, or suspension of Fitch's ratings on the certificates.
Fitch currently rates AAL 2013-2 as follows:
--Series 2013-2 class A certificates 'BBB+';
--Series 2013-2 class B certificates 'BB+';
--Series 2013-2 class C certificates 'B+'.
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