LONDON (Standard&Poor's) Aug. 21, 2008—Standard&Poor's Ratings Services said today that it has assigned its credit ratings to the mortgage-backed floating-rate notes series 2008-1 issued by Fosse Master Issuer PLC (see list below). This transaction is the third issuance from this master trust structure and the eighth securitization of Alliance&Leicester's U.K. residential mortgages, following an initial £250 million transaction that closed in November 2000, the £2.503 billion (equivalent) mortgage-backed floating-rate notes series 2006-1 which closed on Nov. 28, 2006, and the £2.5 billion (equivalent) mortgage-backed floating-rate notes series 2007-1, which closed on Aug. 1, 2007. The issuer was established to issue the notes and to make term advances from the proceeds of the notes to
