13.06.2014 14:16:00

Moody's upgrades 3 notes and confirms 1 note in the UK Non-Conforming RMBS transaction: RMAC SECURITIES No. 1 PLC Series 2006-NS1

London, 13 June 2014 -- Moody's Investors Service has today upgraded the rating of three mezzanine notes and confirmed the rating of one mezzanine note in the UK Non-Conforming residential mortgage-backed securities (RMBS) transaction RMAC SECURITIES No. 1 PLC Series 2006-NS1. These rating actions are prompted by collateral performance combined with Moody's assessment of the action the swap counterparty, Royal Bank of Scotland plc ("RBS" rated Baa1/P-2), is likely to take in response to breaching a rating trigger.

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