OVERVIEW We have reviewed CajaGranada Hipotecario I's performance by conducting our credit and cash flow analysis and applying our relevant criteria. Following our review, we have taken various rating actions in the transaction. CajaGranada Hipotecario I is a Spanish RMBS transaction, which closed in June 2007. LONDON (Standard&Poor's) May 30, 2013--Standard&Poor's Ratings Services today took various credit rating actions in AyT CajaGranada Hipotecario I Fondo de Titulizacion de Activos. Specifically, we have: Affirmed and removed from CreditWatch negative our 'AA- (sf)' rating on the class A notes; Lowered to 'BBB (sf)' from 'A (sf)' and removed from CreditWatch negative our rating on the class B notes; Lowered to 'BB- (sf)' from 'BBB- (sf)' our rating on
