All series of notes have been fully redeemed.

Scope Ratings has reviewed the performance of FT RMBS Santander 4, a Spanish cash securitisation of non-conforming mortgages secured loans, and has taken the following action

Scope Ratings has reviewed the performance of FT Santander RMBS 4 and has taken the following action

Scope Ratings has reviewed the performance of FT Santander RMBS 4 and has taken the following action

Scope Ratings (Scope) has reviewed the performance of FT RMBS SANTANDER 4, which remains in line with Scope’s expectations. No rating action is warranted.

Scope Ratings (Scope) has reviewed the performance of FT RMBS SANTANDER 4, which remains in line with Scope’s expectations. No rating action is granted.

Scope affirms the ratings on the notes issued by FT RMBS SANTANDER 4, a Spanish RMBS securitisation of non-conforming mortgages originated by Banco Santander (A+/S-1/Stable). The performance of the securitised assets is in line with Scope’s expectations.

FT RMBS SANTANDER 4 is a cash-flow securitisation of non-conforming mortgages granted to Spanish individuals and resident foreigners by Banco Santander SA (A+/S-1/Stable Outlook).

FT RMBS SANTANDER 4 is a cash-flow securitisation of non-conforming mortgages granted by Banco Santander SA (A+/S-1/Stable Outlook) to finance residential properties in Spain. The transaction is expected to close on 3 July 2015.