DBRS Releases Commentary on the Impact on Fastnet Transactions from PTSB’s Voluntary Surrender Offer

DBRS Ratings Limited (DBRS) published a commentary discussing the impact on DBRS-rated Fastnet transactions following the Voluntary Surrender Offer (the Offer) that Permanent TSB has recently extended to a cohort of buy-to-let borrowers.

DBRS found no immediate rating impact on the transactions as, in DBRS’s view, the Offer poses no risk at this point to the transactions that have not already been assessed and stressed by the rating agency.

Notes:
A copy of this commentary is available by contacting us at info@dbrs.com

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