London, 18 September 2014 -- Moody's Investors Service has today upgraded the ratings of 12 notes, confirmed the rating of 1 note and affirmed the rating of 1 note in four Spanish residential mortgage-backed securities (RMBS) transactions: Bancaja 4, FTH; Bancaja 5, FTA; Bancaja 7, FTA and Bancaja-BVA VPO 1, FTA.

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