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.
