Clydesdale’s RMBS Sees Heightened Risks After Moody’s Downgrade

29 Aug 2013

Clydesdale Bank’s residential mortgage-backed securities programs Lanark Master Trust and Lannraig Master Issuer face increase 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 programs Lanark Master Trust and Lannraig Master Issuer face increase 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 Aug. 23. In turn, the rating agency pointed to ...

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