DBRS Confirms AAA (sf) Rating on Series A2(G) Notes of IM FTGENCAT SABADELL 4, F.T.A.

DBRS Ratings Limited (“DBRS”) has today confirmed the rating of AAA (sf) on the remaining EUR 140,223,818.28 Series A2(G) Notes (the “Notes”) issued by IM FTGENCAT SABADELL 4, F.T.A. (the “Issuer”). The transaction is a cash flow securitisation collateralised primarily by a portfolio of bank loans originated by Banco de Sabadell, S.A. to Spanish small and medium-sized enterprises (“SMEs”) and self-employed individuals. The rating on the Notes addresses the timely payment of principal and interest payable to the Notes on or before the Final Date on 18 October 2044.

The principal methodology is Master European Granular Corporate Securitisations (SME CLOs), which can be found on our website (www.dbrs.com) under Methodologies.

The sources of information used for this rating include the parties involved in the rating, including but not limited to Intermoney Titulización, S.G.F.T., S.A., Banco de Sabadell and IM FTGENCAT SABADELL 4, F.T.A. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

For additional information on DBRS European SME CLO(s), please see European Disclosure Requirements, located at www.dbrs.com/research/235269.

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

Lead Analyst: Simon Ross
Surveillance Analyst: Alfonso Candelas
Rating Committee Chair: Jerry van Koolbergen
Initial Rating Date: 25 February 2011

Note:
All figures are in Euros unless otherwise noted.