OVERVIEW We have reviewed Sestante Finance series 4's performance using data as of the October 2013 interest payment date. Following our review, we have lowered our credit ratings on the class B, C1, and C2 notes. Sestante Finance's series 4 is an Italian RMBS transaction, backed by a pool of residential mortgage loans originated by Meliorbanca. London (Standard&Poor's) Nov. 22, 2013--Standard&Poor's Ratings Services today lowered to 'B- (sf)' from 'B+ (sf)' our credit rating on Sestante Finance S.r.l. series 4's class B notes. At the same time, we have lowered to 'D (sf)' from 'CCC (sf)' our ratings on the class C1 and C2 notes (see list below). Today's rating actions follow our review of the
