Fitch Ratings will no longer consider certain eligible U.K. bank loans in its analysis for affected transactions and programs in light of a protection for deposits scheduled for implementation later this year, the rating agency announced today.

The planned protection considers eligible bank loans on a gross basis, rather than the current net basis. Fitch said that the change will diminish deposit-set off exposure in U.K. structured finance (SF) transactions and covered bond (CVB) programs.

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