19.12.2013 20:17:00
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Moody's downgrades seven senior notes and affirms 21 mezzanine and junior notes in three UK NC RMBS transactions
London, 19 December 2013 -- Moody's Investors Service has today downgraded the senior note ratings and affirmed all other outstanding note ratings in Great Hall Mortgages No. 1 Plc Series 2006-1, 2007-1 and 2007-2. Today's rating action reflects the exposure to operational risk because of a weak servicer, in addition to there being no back-up servicer in case of a servicer disruption.