Moody's determines no negative rating impact on Bank of Scotland's Residential Mortgage Covered Bonds due to amendments to the swaps and transaction documents.
London, 27 December 2012 -- Moody's Investors Service has today announced that the amendments made to several transaction documents for Bank of Scotland's residential mortgage covered bonds, will not, in and of itself and at this time, result in a reduction or withdrawal of the current Aaa ratings of the residential mortgage covered bonds issued by the Bank of Scotland plc (A2 deposits, outlook negative; BFSR D+/BCA baa3, outlook stable; Prime-1).
