23.05.2014 14:35:00
|
Moody's takes actions on two Mansard Mortgage UK non-conforming RMBS transactions
London, 23 May 2014 -- Moody's Investors Service has taken multiple rating actions on various classes of notes issued by Mansard Mortgages 2006-1 PLC and Mansard Mortgages 2007-1 PLC. Improvement in collateral performance, increase in available credit enhancement and the negative impact of correcting the counterparty exposure drove today's rating actions. Specifically, Moody's has: downgraded the ratings of senior notes, confirmed and affirmed the ratings of senior mezzanine notes and upgraded the ratings of mezzanine and junior notes. Please refer to the list of the affected rating at the end of this press release, before the regulatory disclosure section. The list is an integral part of this press release and identifies each affected rating.