Clydesdale’s RMBS sees heightened risks after Moody’s downgrade

By Joseph McDevitt
29 Aug 2013

Clydesdale Bank’s residential mortgage-backed securities programmes Lanark Master Trust and Lannraig Master Issuer face increased risks over payment disruption and commingling after the bank’s recent downgrade, according to Moody’s Investors Service.

Clydesdale Bank’s residential mortgage-backed securities programmes Lanark Master Trust and Lannraig Master Issuer face increased risks over payment disruption and commingling after the bank’s recent downgrade, according to Moody’s Investors Service.

Moody’s cut Clydesdale’s rating from A2/Prime-1 to Baa2/Prime-2 on August 23. In turn, the rating agency ...

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