TEXT-Fitch: no impact on ratings for 8 TruPS CDOs with Wells Fargo counterparty
Posted on June 27, 2012 at 12:26 PM EDT
June 27 - Fitch Ratings reviewed documents relating to novations executed in eight TruPs CDOs with derivative counterparty exposures to The Royal Bank of Scotland PLC (RBS). In the transactions listed below, RBS will novate all rights, liabilities, duties, and obligations to a new swap counterparty, Wells Fargo Bank, N.A. (Wells Fargo; rated 'AA-'/'F1+', Outlook Stable) under the respective ISDA Master Agreements and the Credit Support Agreements and Annexes (CSAs). The material terms and condi