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New Issue: Ares Lusitani - STC S.A./Embo Mortgages No. 1

S&P Global Ratings has assigned its 'AA (sf)' credit rating to the class A mortgage-backed floating-rate notes (Embo Mortgages No. 1) issued by Ares Lusitani - STC S.A. The pool of €1,241.26 million comprises 14,000 mortgage loans originated by Banco BIC Português S.A. (Eurobic).