Moody's Investors Service assigned a provisional 'Baa3' ratings to the EUR155 million ($205mn)  bonds issued from Fondo de Titulización del Deficit del Sistema Electrico, a securitization vehicle set up to fund the tariff deficit in the Spanish power industry that is backed by a government gurantee.

The deal was first announced in November and was sized at EUR110mn. It builds on the May 2011 Series 4 Notes, and bring the total of Series 4 notes to EUR 1.665 billion.

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