06.05.2013 18:40:00
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Moody's takes multiple actions in Pastor Consumo 1, FTA, Spanish ABS transaction
London, 06 May 2013 -- Moody's Investors Service has today confirmed the rating of the senior notes, upgraded the rating of the mezzanine notes and downgraded the rating of the junior notes issued by Tda Pastor Consumo 1, FTA (Pastor Consumo 1). The high level of credit enhancement, which protects against sovereign and counterparty risk, primarily drove the upgrade and confirmation actions. Conversely, the lack of credit enhancement combined with already deteriorated performance drove the downgrade action on the junior notes.