London, 23 December 2014 -- Moody's Investors Service has today downgraded the ratings on a total of 13 notes in 2 UK buy-to-let residential mortgage backed securities transactions, Paragon Mortgages (No. 9) PLC (Paragon 9) and Paragon Mortgages (No. 11) PLC (Paragon 11). Today's downgrades conclude the rating review due to strong linkage of the notes to Royal Bank of Scotland plc (RBS, Baa1/P-2) and Barclays Bank PLC (Barclays, A2/P-1) acting as cross currency swap counterparties, in Paragon 9 and Paragon 11, respectively.
Vollständigen Artikel bei Moodys lesen