Various Rating Actions Taken On AyT CajaGranada Hipotecario I's Spanish RMBS Notes Following Review

OVERVIEW We have reviewed AyT CajaGranada Hipotecario I by conducting our credit and cash flow analysis and by applying our relevant criteria. Following our review, we have taken various rating actions. AyT CajaGranada Hipotecario I is a Spanish RMBS transaction, which closed in June 2007 and securitizes first-ranking mortgage loans. Caja de Ahorros de Granada (now part of Banca Mare Nostrum) originated the pool, which comprises loans granted to Spanish residents, mainly located in Andalucia. MADRID (S&P Global Ratings) Feb. 24, 2017--S&P Global Ratings has today raised its credit rating on AyT CajaGranada Hipotecario I, Fondo de Titulizacion de Activos' class A notes. At the same time, we have lowered our ratings on the class B and C notes, and

...OVERVIEW + We have reviewed AyT CajaGranada Hipotecario I by conducting our credit and cash flow analysis and by applying our relevant criteria. + Following our review, we have taken various rating actions. + AyT CajaGranada Hipotecario I is a Spanish RMBS transaction, which closed in June 2007 and securitizes first-ranking mortgage loans. Caja de Ahorros de Granada (now part of Banca Mare Nostrum) originated the pool, which comprises loans granted to Spanish residents, mainly located in Andalucia. MADRID (S&P Global Ratings) Feb. 24, 2017--S&P Global Ratings has today raised its credit rating on AyT CajaGranada Hipotecario I, Fondo de Titulizacion de Activos' class A notes. At the same time, we have lowered our ratings on the class B and C notes, and affirmed our rating on the class D notes (see list below). Today's rating actions follow our credit and cash flow analysis of the most recent transaction information that we have received as of the December 2016 investor report. Our analysis...

Ratings Action