Confederación Española de Cajas de Ahorros

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CECA Ratings

CECA Ratings: The ratings assigned to the Spanish Confederation by the international agencies Fitch Ratings, Moody's and Standard & Poor's are:

Company	Short Term	Long Term	Rating Date
FITCH RATINGS	F1	A	01/12/2011
MOODY'S	P-1	A2	19/10/2011
STANDARD&POOR'S	A-2	A-	11/10/2011