London, 29 April 2013 -- Moody's Investors Service has today confirmed the ratings of three notes and upgraded the ratings of three notes issued by Santander Financiacion 1, FTA (Santander Financiacion 1) and Santander Financiacion 5, FTA (Santander Financiacion 5). High level of credit enhancement, which protects against sovereign and counterparty risk, primarily drove the rating action.

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