U.S. Markets closed

Siena Lease 2016-2 S.R.L. -- Moody's upgrades the ratings of Class C and D notes in Siena Lease 2016-2 S.R.L.

Rating Action: Moody's upgrades the ratings of Class C and D notes in Siena Lease 2016-2 S.R.L. This is a cash securitization of lease receivables originated by MPS Leasing & Factoring S.p.A. (fully owned by Banca Monte dei Paschi di Siena S.p.A.) and granted to small and medium sized enterprises and individual entrepreneurs located in Italy. The upgrades are prompted by the increase in the credit enhancement ("CE") available for the affected tranches as a result of portfolio amortization.