09.05.2013 16:12:00
|
Moody's downgrades six and confirms seven Spanish RMBS tranches
London, 09 May 2013 -- Moody's Investors Service has today downgraded the ratings of six junior notes and confirmed the ratings of seven notes in four Spanish residential mortgage-backed securities (RMBS) transactions: AyT Colaterales Global Hipotecario Caja Cantabria I, AyT ICO-FTVPO Caja Vital Kutxa, AyT ICO-FTVPO I, FTA and VAL Bancaja 1, FTA. Insufficiency of credit enhancement to address sovereign risk and the update in Moody's MILAN CE assumption prompted today's downgrades.