DBRS Discontinues the Ratings on AyT Unicaja Financiación I, FTA

DBRS Ratings Limited (DBRS) has discontinued the following ratings on the notes issued by AyT Unicaja Financiación I, due to repayment of the notes on 23 October 2013:

• Series B Notes previously rated ‘A’ (sf) is now Disc.-Repaid.
• Series C Notes previously rated BBB (low) (sf) is now Disc.-Repaid.
• Series D Notes previously rated BB (low) (sf) is now Disc.-Repaid.

Notes:
All figures are in Euros unless otherwise noted.
The principal methodology applicable is:
Master European Structured Finance Surveillance Methodology

This can be found on www.dbrs.com at:
http://www.dbrs.com/about/methodologies

The sources of information used for this rating include investor report.

DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

DBRS does not audit the information it receives in connection with the rating process, and it does not and cannot independently verify that information in every instance.

The last rating action on this transaction took place on 5 February 2013, when DBRS discontinued Series A Notes due to repayment of the notes.

Information regarding DBRS ratings, including definitions, policies and methodologies are available on www.dbrs.com.

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

Initial Lead Analyst: Lain Gutierrez
Initial Rating Date: 12 April 2011
Initial Rating Committee Chair: Claire Mezzanotte

Last Rating Date: 5 February 2013

Lead Surveillance Analyst: Elisa Scalco
Rating Committee Chair: Chuck Weilamann

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