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CDOs

Moody’s Rates New Spanish SME CDO

Published Updated 1 Min Read

Moody’s Investors Service has assigned a provisional rating  to two classes of Notes issued under the €520 million ($692 million) small- and medium-sized enterprise (SME)CDO dubbed FTPYME TDA CAM 9, FTA.  

The agency rated both the €104 million series A1 note rated ‘Aaa (sf)’ and  the €416 million series A2 note’Aaa(sf).’ 

FTPYME TDA CAM 9, FTA is a securitization of loans mainly granted to SME’s by Caja de Ahorros del Mediterraneo. The securitization is done under the FTPYME program following the Spanish Ministry of Economy’s allocation of a new guaranty budget for such transactions for the current year.

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