Northern Rock Covered Bonds Retain Top Rating

12 Aug 2011

Fitch Ratings has affirmed the AAA rating of Northern Rock Asset Management’s mortgage covered bonds.

Fitch Ratings has affirmed the AAA rating of Northern Rock Asset Management’s mortgage covered bonds. The U.K. firm, created in 2010 as separate entity from Northern Rock to hold the lender’s previous loan book, currently has eight bonds totaling €7.305 billion ($10.4 billion) outstanding under its €30 billion ...

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