15.07.2013 12:53:00

Moody's takes action on Italian RMBS notes issued by Mantegna Finance II S.r.l.

Madrid, July 15, 2013 -- Moody's Investors Service announced today that it has downgraded the rating of all notes outstanding in Mantegna Finance II S.r.l. Insufficiency of credit enhancement to address sovereign risk and revision of key collateral assumptions have prompted today's downgrade actions on Class C. Moody's downgraded the senior and mezzanine notes in Mantegna Finance II S.r.l. because of lack of back-up servicing arrangements.

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