OVERVIEW On July 26, 2013, following our lowering of our long-term issuer credit rating on Deutsche Bank to 'A' from 'A+', we placed on CreditWatch negative our ratings on Eurohome UK Mortgages 2007-1's class A notes and Eurohome UK Mortgages 2007-2's class A2 notes. We have reviewed Eurohome UK Mortgages 2007-1 and 2007-2's performance by conducting our credit and cash flow analysis and by applying our U.K. RMBS criteria and our current counterparty criteria. Following our review, we have taken various rating actions in both transactions. Eurohome UK Mortgages 2007-1 and 2007-2 are the first and second transactions to securitize U.K. residential mortgages by Deutsche Bank's U.K. mortgage origination arm, DB mortgages. The transactions closed in 2007. LONDON (Standard&
