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KBRA Europe Assigns Ratings to Fontwell II Securities 2020 DAC

Posted on 16717 Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three Senior Tranches, two Tranches and two Credit Linked Notes relating to the Fontwell II Securities 2020 DAC transaction, a £1.87bln partially-funded synthetic securitisation of United Kingdom agricultural mortgage loan agreements originated by Agricultural Mortgage Corporation PLC (“AMC”), a wholly owned subsidiary of Lloyds Bank PLC (“Lloyds”). Fontwell II Securities 2020 DAC will issue three classes of Credit Linked Notes, the Class A Portfolio Credit Linked Notes (“Class A CLNs”), the Class B Portfolio Credit Linked Notes (“Class B CLNs”) and the Class Z Credit Linked Notes (“Class Z CLNs”), together, the (“Credit Linked Notes”), which reference certain tranches of the reference portfolio. KBRA has assigned preliminary ratings to the Class A CLNs and the Class B CLNs and to the related tranches o

Kroll Bond Rating Agency Europe Limited: KBRA Europe Assigns Ratings to Fontwell II Securities 2020 DAC

(2) Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three Senior Tranches, two Tranches and two Credit Linked Notes relating to the Fontwell II Securities 2020 DAC transaction, a £1.87bln partially-funded synthetic securitisation of United Kingdom agricultural mortgage loan agreements originated by Agricultural Mortgage Corporation PLC ( AMC ), a wholly owned subsidiary of Lloyds Bank PLC ( Lloyds ). Fontwell II Securities 2020 DAC will issue three classes of Credit Linked Notes, the Class A Portfolio Credit Linked Notes ( Class A CLNs ), the Class B Portfolio Credit Linked Notes ( Class B CLNs ) and the Class Z Credit Linked Notes ( Class Z CLNs ), together, the ( Credit Linked Notes ), which reference certain tranches of the reference portfolio. KBRA has assigned preliminary ratings to the Class A CLNs and the Class B CLNs and to the related tranches of the reference portfolio, Tranche A and Tranche B. KBRA has also assigned preliminary ratings to

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