DBRS Discontinues the Rating on Unicaja TDA VPO, FTA

DBRS Ratings Limited (DBRS) has discontinued the rating on Series A Notes issued by Unicaja TDA VPO due to repayment of the notes on 28 October 2013. Series A Notes was previously rated ‘A’ (high) (sf) and it 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 reports provided by Titulización de Activos 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 19 February 2013, when DBRS confirmed Series A Notes at ‘A’ (high) (sf) and removed the rating 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: 17 June 2011
Initial Rating Committee Chair: Claire Mezzanotte

Last Rating Date: 19 February 2013

Lead Surveillance Analyst: Elisa Scalco
Rating Committee Chair: Claire Mezzanotte

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