BRIEF-Moody's cuts mortgage covered bonds of Banco de Valencia

Oct 09 (Reuters) - Banco de Valencia S.A

* Moody's has today downgraded to Ba3 (on review, direction uncertain) from Ba2 (on reviewfor downgrade) the ratings of the covered bonds issued by Banco de Valencia S.A.

((Bangalore Ratings Team, Hotline: +91 80 41355898, Bhanu.priya@thomsonreuters.com,Group id: BangaloreRatings@thomsonreuters.com,Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))

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