25.03.2014 19:12:00
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Moody's Takes Multiple Rating Actions on 5 UK, 1 Belgian and 1 Dutch RMBS Transactions
London, 25 March 2014 -- Moody's Investors Services has today taken multiple rating actions on the notes in Arran Residential Mortgages Funding 2011-1 Plc, Arran Residential Mortgages Funding 2011-2 Plc, Atomium Mortgage Finance 2003-I B.V., Greenock Funding No. 5 Plc, Paragon Mortgages (No. 7) PLC, Green Apple B.V. (2007-1 NHG Portfolio) and the Class Cb cross currency counterparty instrument rating (CIR) in Paragon Mortgages (No. 9) PLC. Today's rating actions are prompted by exposure to Royal Bank of Scotland plc, Royal Bank of Scotland N.V. or National Westminster Bank PLC (collectively referred to as RBS in this press release). The long-term rating of RBS was downgraded to Baa1 from A3 on 13 March 2014 (https://www.moodys.com/research/Moodys-downgrades-RBSs-supported-long-term-ratings-to-Baa1-with--PR_294433).