Profile Report
2007 Vintage Newgate Funding Plc Series Transactions (UK RMBS)
Thu 23 Jul, 2009 - 12:00 AM ET
Summary In July 2009, ֳ downgraded 26 tranches from the 2007 vintage Newgate Funding Plc (Newgate) series transactions. The downgrades were a consequence of continued deterioration in the collateral portfolio underlying the issued notes, as well as the significant impact of the lack of hedging between floating rate loans linked...