Press Release

DBRS Places Series B Notes Issued by FTA PYMES SANTANDER 6 Under Review with Positive Implications as a Result of Updated RMBS Methodology, No Impact on Other Spanish SME CLO Transactions

Structured Credit

June 03, 2016

Ratings

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
03-Jun-16	Series B Notes	BB (high) (sf)	--	UR-Pos.	UK

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FTA PYMES SANTANDER 6

Series B Notes

Date Issued:Jun 3, 2016
Rating Action:UR-Pos.
Ratings:BB (high) (sf)
Trend:--
Rating Recovery:
Issued:UK

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Contacts

Alfonso Candelas
Associate Managing Director - European Securitisation Surveillance & Rating Process
+(49) 69 8088 3512
alfonso.candelas@morningstar.com
Francesco Amato
Financial Analyst, EU Surveillance - Global Structured Finance
+44 20 7855 6631
famato@dbrs.com
Jerry van Koolbergen
Managing Director - US Structured Credit Ratings
+(1) 212 806 3260
jerry.vankoolbergen@morningstar.com
Carlos Silva
Senior Vice President, Sector Lead - European Structured Credit Ratings
+(44) 20 7855 6604
carlos.silva@morningstar.com

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