London, 22 August 2014 -- Moody's Investors Service has today upgraded the rating of 3 notes and confirmed the ratings of 3 junior notes in the Irish residential mortgage-backed securities (RMBS) transactions Lansdowne Mortgage Securities No. 1 p.l.c. and Lansdowne Mortgage Securities No. 2 p.l.c. The rating agency has also upgraded the Counterparty Instrument Rating (CIR) relating to the Lansdowne Mortgage Securities No.1 p.l.c. basis swap. At the same time notes not placed on review from these two transactions were affirmed at their current rating levels. This rating action is prompted by the increase in country ceiling to Aa3.
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