London, 16 October 2013 -- Moody's Investors Service stated today that a novation of an existing swap transaction entered into by Bradford & Bingley Covered Bonds LLP (the "Issuer") (the "Transaction") from Bank of America, N.A. ("Bank of America") as swap counterparty to Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ("Rabobank") will not in and of itself and at this time result in the reduction or withdrawal of its current ratings on the covered bonds issued by the Issuer.
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