Libor worries

Category: RMBS Regulation


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UK RMBS transition to leave ratings unshaken

The transition from sterling LIBOR to risk-free rates is unlikely to have negative rating consequences for UK RMBS transactions, a Standard & Poor's (S&P) report notes.

Even though the 31 December phase-out deadline is less than four months away and with mounting general uncertainty around transition plans, S&P estimates that current ratings will prove resilient. 

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