DBRS Discontinues Ratings to Fondo De Titulización De Activos Santander Consumer Spain 2009-1 Series A Notes

DBRS Ratings Limited (DBRS) has discontinued the rating on Series A Notes issued by Fondo De Titulización De Activos Santander Consumer Spain 2009-1, due to repayment of the notes on 22 July 2013. Series A Notes was previously rated AAA (sf) and it is now Disc.-Repaid.

Notes:
All figures are in Euros unless otherwise noted.

The principal methodology applicable is the 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 reports provided by Santander De Titulización S.G.F.T., S.A.

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 21 December 2012, when DBRS confirmed Series A Notes at AAA (sf) and removed the Series A Notes from Under Review with Negative Implications.

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

For further information on DBRS historic default rates published by the European Securities and Markets Administration (“ESMA”) in a central repository, see:
http://cerep.esma.europa.eu/cerep-web/statistics/defaults.xhtml.

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

Initial Lead Analyst: Lain Gutierrez
Initial Rating Date: 16 May 2011
Initial Rating Committee Chair: Claire Mezzanotte

Last Rating Date: 21 December 2012

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

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