OREANDA-NEWS. Fitch Ratings says Eurohome UK Mortgages 2007-2 plc notes' ratings will not be affected by the realised reduction of the liquidity facility commitment to GBP9.0m from GBP27.5m.

The liquidity facility can be used by the transaction only to cover interest shortfalls on senior notes in the event of insufficient available funds in accordance with the revenue priority of payments. In the agency's view the reduced GBP balance of the transaction liquidity facility does not increase payment interruption risk for the rated notes to the extent that a different rating would be warranted.

Fitch's assessment does not take into account any other aspects of its credit analysis such as, among others, asset performance, portfolio characteristics, transaction structure or counterparty risks.

Eurohome UK Mortgages 2007-2 plc is a securitisation of UK non-conforming loans comprising loans originated by DB UK Bank Limited.