Copyright ©2011 by-Standard & Poors Financial Services LLC (S&P-, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved.
<br />No content (including ratings, credit-related analyses and data; model, software or other application or output therefrom) or any part thereof (Content) may be modified,
<br />reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of S&P. The Content
<br />shall not be used for any unlawful or unauthorized purposes. S&P, its affiliates, and any third-party providers, as well as their directors, officers, shareholders, employees or
<br />agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or
<br />omissions, regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is
<br />provided on an 'as is" basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED T0, ANY WARRANTIES OF
<br />MERCHANTABILITY OR FITNESS FORA PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT'S FUNCTIONING
<br />WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any
<br />party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without
<br />limitation, lost income or lost profits and opportunity costs) in connection with any use of the Content even if advised of the possibility of such damages.
<br />Credit-related analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact or
<br />recommendations to purchase, hold, or sell any securities or to make any investment decisions. S&P assumes no obligation to update the Content following publication in any
<br />form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or
<br />clients when making investment and other business decisions. S&P's opinions and analyses do not address the suitability of any security. S&P does not act as a fiduciary or
<br />an investment advisor. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or
<br />independent verification of any information it receives.
<br />S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result,
<br />certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the
<br />confidentiality of certain non-public information received in connection with Each analytical process.
<br />S&P may receive compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right
<br />to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of chargel, and
<br />wvvw.ratingsdirect.comond www.globalcreditportal.com (subscription), and maybe distributed through other means, including via S&P publications and third-parry
<br />redistributors. Additional information about our ratings fees is available at vdww.standardandpoors.com/usratingsfees.
<br />,~_,.`
<br />__ ~ ~._.
<br />. ~.~ ,
<br />www.standardandpoors.com[ratingsdirect
<br />
|