2009-11-11 17:19:04 -

Fitch Ratings has affirmed and assigned Rating Outlooks to the following classes of Currus XVI Limited.

---EUR 166,400,000 senior facility 'AAA'; Outlook Stable;

---EUR 2,133,333 subordinated B1 facility 'AAA'; Outlook Stable;

---EUR 2,133,333 subordinated B2 facility 'AAA'; Outlook Stable.

Fitch has applied the Global Structured Finance Rating Criteria for the review of this transaction. The ratings are based on the

underlying collateral which consists of Spanish residential mortgage-backed securities (RMBS) currently rated 'AAA' with a Stable Outlook by Fitch.
Payments under the credit facilities are reliant on the cash flow from the underlying assets.

The following applicable criteria report is available on Fitch's web site at ' www.fitchratings.com : '.

'Global Structured Finance Rating Criteria' dated Sept. 30, 2009.

Additional information is available at ' www.fitchratings.com : '.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS : .

IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ' WWW.FITCHRATINGS.COM : '.

PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch Ratings, New YorkAmy Gan, +1-212-908-9143Aoto
Kenmochi, +1-212-908-0867Media RelationsSandro Scenga,
+1-212-908-0278 sandro.scenga@fitchratings.com : mailto:sandro.scenga@fitchratings.com