28.01.2016 16:35:00
|
Moody's upgrades three notes and affirms four notes in two Portuguese RMBS transactions
London, 28 January 2016 -- Moody's Investors Service has today upgraded the ratings of three notes and affirmed the ratings of four notes in two Portuguese residential mortgage-backed securities (RMBS) transactions: Atlantes Mortgage No.1 Plc (Atlantes) and Azor Mortgages Public Limited Company (Azor). The rating action reflects the upgrade of the Servicer's long term deposit rating and Counterparty Risk assessment "CR assessment" to Baa3 and Baa3(cr), respectively, and the increased levels of credit enhancement for the affected notes.