
News
Moody’s downgrades Packaged Income Notes
Monday 9th of February 2009
The Packaged Income Notes Series (PINs) 2006-1 has been downgraded from an Aa1 rating to Aa3.
The rating action follows a rating change with respect to Barclays Bank, who provides a principal guarantee for the notes.
The rating is based on credit exposure to Barclays Bank as a provider of 100% principal protection at the legal financial maturity date, and legal and structural inte...
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