(The following statement was released by the rating agency)

Nov 23 -

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Ratings -- Cecabank S.A. ------------------------------------------ 23-Nov-2012

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CREDIT RATING: BB+/Negative/B Country: Spain

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Credit Rating History:

Local currency Foreign currency

23-Nov-2012 BB+/B BB+/B

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(Bangalore Ratings Team, Hotline:+91 80 4135 5898 Jyothsna.BN@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Jyothsna.BN.thomsonreuters.com@reuters.net)

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