Moody’s offers rating on Isobel CMBS, comes in lower than S&P

Moody’s has volunteered its opinion on RBS’s non-performing loan CMBS, Isobel Finance No 1, saying it would not have given the senior notes a triple-A rating.

  • 18 Oct 2012


RBS only mandated Standard & Poor’s to rate Isobel Finance, which it sold earlier this month. S&P rated the ‘A’ tranche triple-A, the ‘B’ tranche double-A, and the ‘C’ tranche, BBB+. Moody’s judged the risk on all three trances to be higher than that.

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