London, 01 July 2015 -- Moody's Investors Service has today upgraded the ratings on three notes and affirmed the ratings on two notes in three Italian asset-backed securities (ABS) transactions, including (1) two small and medium-sized enterprise deals, BPM SECURITISATION 3 S.r.l. (BPM) and BPL Mortgages S.r.l. (2014 SME) (BPL); and (2) one transaction backed by small-ticket leases, Tricolore 2014 SPV S.r.l. (Tricolore).

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