07.11.2013 18:16:00

Moody's Updates on Granite Mortgages 03-2, 03-3, 04-1, 04-2, 04-3 plc, and Granite master trust following the removal of MIG policies

London, 07 November 2013 -- Moody's has determined that the proposed action of Northern Rock Asset Management ("NRAM") to remove the MIG policies from the trust properties, will not, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings of the notes (the "Notes") issued by Granite Mortgages 03-2, 03-3, 04-1, 04-2, 04-3 plc, and Granite Master Issuer plc.

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