London, 23 December 2013 -- Moody's announced today that the amendment action (the "Amendment") by the Royal Bank of Scotland plc ("RBS", A3 / P-2) as swap counterparty to lower the first and second rating triggers under the swap agreement and amending the swap documents including collateral provisions would not, in and of itself and as of this time, result in the downgrade or withdrawal of the rating assigned to notes issued by Guercino Solutions S.r.l.
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