03.05.2013 16:38:00
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Moody's downgrades 10 notes and confirms 2 notes in three TDA Ibercaja transactions
Madrid, May 03, 2013 -- Moody's Investors Service has today downgraded the ratings of 7 junior and 3 senior notes in two Spanish residential mortgage-backed securities (RMBS) transactions: TDA Ibercaja 3, FTA and TDA Ibercaja 4, FTA. At the same time, Moody's confirmed the ratings of Class A3PAC in TDA Ibercaja 4 and of Class A (G) in TDA Ibercaja ICO-FTVPO, FTH. Insufficiency of credit enhancement to address sovereign risk have prompted today's downgrade action.