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BRIEF-Moody's: Sub-servicing transfer to Select Portfolio Servicing, Inc. from Bank of America, N.A. has no negative ratings impact on Eight US RMBS transactions.
August 2, 2012 / 12:25 AM / 5 years ago

BRIEF-Moody's: Sub-servicing transfer to Select Portfolio Servicing, Inc. from Bank of America, N.A. has no negative ratings impact on Eight US RMBS transactions.

August 2 (Reuters) - Moody’s Investors Service stated today that the appointment by Bank of America, N.A. (“BOA”) of Select Portfolio Servicing, Inc. (“SPS”) as a sub-servicer for eight subprime US RMBS transactions will not, in and of itself and at this time, result in a reduction or withdrawal of the current ratings on the securities issued by these transactions.

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