London, 07 October 2014 -- Moody's Investors Service has today upgraded the ratings of ten notes, downgraded the rating of one note and affirmed the ratings of two notes in four Spanish residential mortgage-backed securities (RMBS) transactions: VAL BANCAJA 1, FTA; AyT ICO-FTVPO Caja Vital Kutxa; AyT ICO-FTVPO I, FTA; AyT Colaterales Global Hipotecario Caja Cantabria I.
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