London, 19 December 2013 -- Moody's Investors Service has today downgraded to Ba1 (on review for downgrade) from Baa3 (on review for downgrade) the ratings of the mortgage covered bonds issued by Caixa Economica Montepio Geral (Montepio; deposits B2 negative, standalone bank financial strength rating E+/baseline credit assessment b3, negative).

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