OVERVIEW We have assigned preliminary ratings to Fosse Master Issuer's series 2015-1. Series 2015-1 is the 12th issuance from the Fosse master trust. A pool of first-ranking mortgages secured on U.K. properties collateralizes the notes. LONDON (Standard&Poor's) March 17, 2015--Standard&Poor's Ratings Services today assigned preliminary credit ratings to Fosse Master Issuer PLC's mortgage-backed series 2015-1 class A1, A2, and A3 notes (see list below). Series 2015-1 is the 12th issuance from the Fosse master trust. A pool of first-ranking mortgages secured on U.K. properties collateralizes the notes. As part of the 2015-1 issuance, the general reserve fund will reduce in notional terms to £175 million from £324 million with a further reduction to £95 million upon
