09.04.2014 18:23:00
|
Moody's: No negative rating impact on Abbey's covered bond programme further to deed of undertaking for swap
London, 09 April 2014 -- Moody's Investors Service has announced today that Royal Bank of Scotland plc (RBS; deposits Baa1 negative, standalone bank financial strength rating D+/ adjusted baseline credit assessment ba1) has, as the swap provider in Abbey National Treasury Services plc's covered bond programme, undertaken the proposed execution of a deed of undertaking (the "Deed"). This Deed relates to the swap agreement (the "Swap Agreement") between Abbey National Treasury Services plc, (the "Issuer") and RBS.