OVERVIEW We have reviewed the performance of Sestante Finance's series 2, conducted our credit and cash flow analysis, and have applied our current counterparty criteria. Following our review, we have taken various rating actions in Sestante Finance's series 2. Sestante Finance's series 2 is a securitization of Italian residential mortgages that Meliorbanca originated. LONDON (Standard&Poor's) Aug. 12, 2013--Standard&Poor's Ratings Services today took various credit rating actions in Sestante Finance S.r.l.'s series 2. Specifically, we have: Affirmed and removed from CreditWatch negative our 'A+ (sf)' rating on series 2's class A notes; Affirmed our 'A (sf)' rating on the class B notes; and Lowered our ratings on the class C1 and C2 notes (see list below). Today's
