London, 09 July 2013 -- Moody's Investors Service announced today that it has downgraded to B2 from Ba3 the ratings of the Series E1 and E2 notes issued under the AyT FONDO EOLICO, FTA programme (AyT Fondo Eolico). This action follows the downgrade of the notes' guarantor, NCG Banco S.A. to B3 from B1 and concludes the review initiated on the 09 July 2012.
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