02.07.2013 15:22:00

Moody's downgrades one note and confirms one note in two Italian RMBS transactions

Madrid, July 02, 2013 -- Moody's Investors Service has today confirmed the rating of one senior note in Spoleto Mortgages 2011 Società per la Cartolarizzazione S.r.l., an Italian residential mortgage-backed securities (RMBS) transaction. At the same time, Moody's downgraded the rating of one junior note in Spoleto Mortgages S.r.l. Insufficiency of credit enhancement to address sovereign risk and exposure to counterparty risk have prompted today's downgrade.

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