Madrid, November 10, 2014 -- Moody's Investors Service has today upgraded the ratings of nine notes; confirmed the ratings of two notes and affirmed the ratings of three notes in three Portuguese residential mortgage-backed securities (RMBS) transactions: Lusitano Mortgages No.1 plc, Lusitano Mortgage No. 2 plc and Lusitano Mortgage No.3 plc.

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