22.05.2013 18:48:00

Moody's downgrades four and confirms one Spanish RMBS tranches

London, 22 May 2013 -- Moody's Investors Service has today downgraded the ratings of two senior and two junior notes and confirmed the ratings of one junior note in three Spanish residential mortgage-backed securities (RMBS) transactions: Foncaixa Consumo 1, FTA, TDA Tarragona 1, FTA and Unicaja Andalucia FTVivienda TDA 1, FTA. Insufficiency of credit enhancement to address sovereign risk, deterioration in collateral performance and exposure to issuer account bank prompted today's downgrades.

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