Ratings Lowered On Class M2a, M2b, And B1 Notes In Money Partners Securities 2's U.K. RMBS Transaction Aug 09
- ID: 2026697
- August 2009
- Region: United Kingdom, Great Britain
- Standard & Poors
OVERVIEW The rating actions follow a credit and cash flow analysis following the May investor report. We lowered our ratings on the classes M2a, M2b, and B1 and affirmed the other classes of notes. Money Partners Securities 2 is a U.K. nonconforming RMBS transaction arranged by The Royal Bank of Scotland. LONDON (Standard & Poor's) Aug. 3, 2009--Standard & Poor's Ratings Services today lowered and removed from CreditWatch negative its credit ratings on the class M2a and M2b notes issued by Money Partners Securities 2 PLC. At the same time, we lowered our rating on the class B1 notes and affirmed all the remaining notes (see list below). Today's rating actions follow our credit and cash flow review of the...
Companies mentioned in this report are:
- Money Partners Securities 2 PLC
- The Royal Bank of Scotland PLC
Action: Removed From CreditWatch
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