DBRS Discontinues Rating on Hipototta No. 8 Limited Securitisation Due to the Repayment of the Noteholders

DBRS Ratings Limited (DBRS) discontinued its rating on Hipototta No. 8 Limited notes. The Class A2 Mortgage-Backed Floating Rate Securitisation Notes previously rated AA (high) are now rated Discontinued-Repaid.

Notes:
The applicable methodology is the Master European Structured Finance Surveillance Methodology, which can be found on our website under Methodologies.

The sources of information used for this rating include monthly remittance reports and data relating to the underlying mortgages provided by Banco Santander Totta, S.A. DBRS considers the information available to it for the purposes of this rating action was of satisfactory quality.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Lead Analyst: Alastair Bigley
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: 15 February 2011