Durham Mortgages A PLC: Presale Report
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Summary
DBRS Ratings Limited (DBRS Morningstar) assigned provisional ratings to the notes to be issued by Durham Mortgages A PLC, a bankruptcy-remote special-purpose vehicle incorporated in the United Kingdom. The collateralised notes will be backed by an owner-occupied residential mortgage portfolio originated by Bradford & Bingley and Mortgage Express. For insight beyond the ratings, see the presale report.