Standard & Poor's assigns preliminary credit ratings to GMAC-RFC's latest UK RMBS Transaction
06 February 2004
Standard & Poor's Ratings Services has said today that it has assigned its preliminary credit ratings to the mortgage-backed floating-rate notes to be issued by RMAC 2004-NS1 PLC.
The primary business of GMAC-RFC is to provide mortgage services in the U.K. through intermediaries and other financial institutions. GMAC-RFC originates mortgage loans to borrowers in England, Wales, Northern Ireland, and Scotland.