Madrid, November 11, 2014 -- Moody's Investors Service has transferred the funding vehicle BES Finance Ltd. together with its outstanding B3 senior unsecured debt and the C(hyb) junior subordinated debt and preferred stock to Novo Banco, S.A. (B2 under review for downgrade bank deposits, BFSR E under review for upgrade/BCA ca). BES Finance Ltd.'s B3 long-term senior debt ratings remain on review for downgrade.
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