31.10.2013 15:00:00
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Moody's: No negative rating impact on Barclays' covered bond programme following amendments to the programme documentation
London, 31 October 2013 -- Moody's Investors Service has today announced that the amendments to the transaction documents of Barclays' covered bond programme will not, in and of themselves and at this time, result in a downgrade or withdrawal of the current Aaa ratings of Barclays' covered bonds. The amendments mainly consist of (i) the removal of one deductible item in the asset cover test and (ii) the appointment of KPMG as asset pool monitor.