03.11.2014 18:17:00
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Moody's: No rating impact following cure period extension for standby swap provider in Saecure 8 NHG B.V.
London, 03 November 2014 -- Moody's Investors Service announced today that the execution of a waiver letter (the "Waiver") relating to a swap agreement (the "Swap Agreement") between Saecure 8 NHG B.V., (the "Issuer"), AEGON Derivatives N.V. (the "Swap Provider") and Stichting Security Trustee SAECURE 8 NHG B.V. (the "Security Trustee") and a standby swap agreement, pursuant to which the Royal Bank of Scotland plc (RBS) acts as standby swap provider, will not, in and of itself and at this time, result in a reduction or withdrawal of the current ratings of the notes (the "Notes") issued by the Issuer. The credit ratings for the Class A1, A2, B, C and D Notes were placed on review for possible downgrade on 29 July 2014 due to swap counterparty exposure and remain on review.