Frankfurt, March 05, 2007 -- Moody's Investors Service confirms Mortgage and Land Bank of Latvia's Covered Bond Rating at A1, because the Bank Deposit Rating of the bank remains unchanged. This rating action concludes the review for possible upgrade initiated on 4 September 2006. The Covered Bond Rating reflects the expected loss posed to investors by the legal final maturity. Moody's ratings address only the credit risks associated with the transaction. Other non-credit risks have not been addressed, but may have a significant effect on yield to investors. Madrid Juan Pablo Soriano Managing Director Structured Finance Group Moody's Investors Service Espana, S.A. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 London Martin Rast Asst Vice President - Analyst Structured Finance Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454
Moody's confirms Covered Bonds of Mortgage and Land Bank of Latvia at A1
| Source: Latvijas Hipoteku un zemes banka