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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 review for downgrade) the ratings of the covered bonds issued by Banco de Valencia S.A.

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