Announcements
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9/12/2016 Rating announcement EN
Scope upgrades and affirms FT PYMES SANTANDER 12 ratings – Spanish SME ABS
Scope upgrades class B notes to BB- (SF) from B+ (SF) and affirms other ratings. The rating actions are driven by the increased credit enhancement. Asset performance is slightly above Scope’s expectations. The deal closed on 14 December 2015.

7/1/2016 Rating announcement EN
Scope publishes rating report for FT PYMES SANTANDER 12 – SME CLO
Scope Ratings publishes the rating report for FT PYMES SANTANDER 12, a EUR 2,800m true-sale securitisation of mortgage-secured loans, unsecured loans and credit lines granted to Spanish SMEs by Banco Santander, Banesto and Banif.