14.06.2013 17:46:00
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Moody's confirms three notes and downgrades two notes in four Italian RMBS transactions
London, 14 June 2013 -- Moody's Investors Service has today confirmed the ratings of three senior notes in three Italian residential mortgage-backed securities (RMBS) transactions: Italfinance RMBS S.r.l., Malatesta Finance S.r.l. and Malatesta Finance S.r.l. Series 2. At the same time, Moody's downgraded the rating of two mezzanine and junior notes in Intesa Sec. 3 S.r.l. Insufficiency of credit enhancement to address sovereign risk have prompted today's downgrades.