Gemini Attempts Amendment To Save Liquidity Provider.

This article announces the plan of Gemini, issuer of the commercial mortgage-backed security Gemini (Eclipse 06-3), to change the definitions to its liquidity ratings. It notes that the amendment plan can be attributed to a downgrade to its liquidity provider Danske Bank A/S London, England branch. Particular focus is given to the clause in question. In February 2009, the short-term rating of Danske Bank has been downgraded by Standard & Poor's Corp. from A-1+ to A-1. Gemini says the change did not weakened the transaction or altered its credit position.