DBRS Confirms Ratings of Sociedade de Titularização de Créditos, S.A. Douro Mortgages No. 4 & No. 5

DBRS Inc. (DBRS) has confirmed the following ratings which take into consideration the investment of Reserve Fund deposits in instruments provided by Caja de Ahorros y Pensiones de Barcelona, SA:

-- Sociedadede Titularização de Créditos, S.A.- Douro Mortgages No. 4, Class A rated AA

-- Sociedadede Titularização de Créditos, S.A.- Douro Mortgages No. 5, Class A rated AA

Note:
The applicable methodologies are Master European Structured Finance Surveillance Methodology and Legal Criteria for European Structured Finance Transactions, which can be found on our website under Methodologies.

For additional information on this rating, please refer to the linking document located below.

Lead Analyst: Keith Gorman
Rating Committee Chair: Claire Mezzanotte
Initial Rating Date: 6 August 2010 - Douro Mortgages No. 5
Initial Rating Date: 8 December 2010 - Douro Mortgages No. 4