Moody's Investors Service last week downgraded domestic deals in Mexico wrapped by FGIC to Aa3.mx' from Aaa.mx.' While the agency had downgraded monoline-wrapped emerging-market deals on its global currency scale before last week, this move marked the first time Moody's lowered the rating on wrapped deals on Mexico's national scale. GMAC Financiera is the originator of the deal, which is

an RMBS.

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