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Rating Action Commentary

��ֳ� Affirms MBS Bancaja Series; off RWN

Tue 25 Aug, 2020 - 8:07 AM ET

Structured Finance

Structured Finance: RMBS

Related Regions

Spain

Entities

MBS Bancaja 4, FTA
MBS Bancaja 3, FTA

Issuer Content

��ֳ� Takes Rating Actions on MBS Bancaja 4, FTA; Removes From UCO
��ֳ� Places 447 European RMBS Ratings Under Criteria Observation
��ֳ� Withdraws MBS Bancaja 3, FTA's Class D and E Ratings
��ֳ� Upgrades 2 Tranches of MBS Bancaja Series; Affirms 8
��ֳ� Revises Outlook on 23 Spanish Structured Finance Tranches to Positive
��ֳ� Upgrades 2 Tranches of MBS Bancaja Series; Affirms 8
��ֳ� Takes Multiple Rating Actions on Three Spanish RMBS Transactions
��ֳ� Upgrades 7 Tranches of 4 Spanish RMBS
Correction: ��ֳ� Places or Maintains 121 EMEA RMBS Ratings on RWP on Additional Stress Retirement
��ֳ� Affirms MBS Bancaja 3 and 4

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��ֳ� Analysts

Cesar Fernandez
Associate Director
Surveillance Rating Analyst
+34 91 076 1989
��ֳ� Spain - Madrid
Paseo de la Castellana 31 9ºB Madrid 28046

Eberhard Hackel
Senior Director
Committee Chairperson
+49 69 768076 117

Media Contacts

Athos Larkou
London
+44 20 3530 1549
athos.larkou@thefitchgroup.com

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