London, 11 July 2013 -- Moody's Investors Service has today downgraded the ratings of seven notes, confirmed the rating of two notes and upgraded the rating of one note in three Portuguese residential mortgage-backed securities (RMBS) transactions: DOURO MORTGAGES No.1, DOURO MORTGAGES No.2 and DOURO MORTGAGES No.3. Insufficiency of credit enhancement to address sovereign risk have prompted today's downgrade.
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