Would need to know the context a bit more. For instance, are those VREFx/MVREFx pins outputs or inputs?
If you think of them as inputs, this thing would be odd. Whereas the voltage at the middle point of the "divider" will quicly settle to about half of VCC_1P2 (thus ~600mV, obviously modulo the tolerance of both caps), said voltage will drop exponentially if the inputs are drawing any current.
So I kind of doubt those are inputs, and thus kind of doubt this is actually a voltage divider, but taking a look at the datasheet of the IC would definitely help.