MLCFC 2006-4 ratings safe
Global rating agency Moody's was informed that the Holders of Certificates evidencing a majority of the Voting Rights allocated to the Controlling Class intend to replace LNR Partners Inc ("LNR") as the Special Servicer and to appoint C-III Asset Management LLC ("C-III") as the successor Special Servicer.
The Proposed Special Servicer Replacement will become effective upon satisfaction of the conditions precedent set forth in the governing documents.
Moody's ratings address only the credit risks associated with the proposed transfer of special servicing rights.
Other non-credit risks have not been addressed, but may have significant effect on yield and/or other payments to investors.