London, 16 May 2014 -- Moody's Investors Service has today placed on review for downgrade the ratings of 12 notes in six residential mortgage-backed securities (RMBS) that have increased counterparty risk arising from their exposure to Deutsche Bank AG acting as swap counterparty. At the same time, Moody's affirmed the ratings of all the notes in HOLLAND MORTGAGE BACKED SERIES (HERMES) XV B.V. that have not been placed on watch, as well as all note ratings in Dutch MBS XVI B.V. and HOLLAND MORTGAGE BACKED SERIES (HERMES) XII B.V.

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