DBRS Discontinues the Ratings on Financat 1, FTA

DBRS Ratings Limited (DBRS) has discontinued the following ratings on the notes issued by Finance 1, FTA due to repayment of the notes on 15 April 2013:
• Series A previously rated ‘A’ (high) (sf), is now Disc-Repaid
• Series B previously rated ‘A’ (low) (sf), is now Disc-Repaid

Note:
The principal methodology applicable is Master European Structured Finance Surveillance Methodology which can be found on www.dbrs.com under Methodologies.

The source of information used for this rating includes a notification and final bond payment report from Gestión de Activos Titulizados S.G.F.T, S.A. regarding early liquidation of the fund and final payment of the notes. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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

Initial Lead Analyst: Gareth Levington
Initial Rating Date: 1 April 2011
Rating Committee Chair: Claire Mezzanotte

Lead Surveillance Analyst: Keith Gorman
Most Recent Rating Date: 21 December 2012
Rating Committee Chair: Claire Mezzanotte