London, 24 March 2015 -- Moody's Investors Service has today upgraded the ratings of twelve notes, confirmed the rating of one note and affirmed the rating of one note in five Italian mortgage-backed securities (RMBS) transactions: F-E Mortgages S.r.l., F-E Mortgages S.r.l. 2005, Siena Mortgages 07-5 S.p.A, SIENA MORTGAGES 2010 -7 and Siena Mortgages 07-5, Series 2.

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