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New Issue: Totalkredit A/S (Covered Bond)
Standard & Poors, December 2008
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Standard & Poor's Ratings Services has assigned its 'AAA' rating to issuances of Realkreditobligationer (ROs) issued out of Totalkredit's Capital Centre C. We previously assigned our 'AAA' rating to issuances out of Totalkredit Capital Centres D, E, and F, which are used as collateral for issuances out Nykredit Realkredit A/S's Capital Centres D and E. A separate transaction update has been published for Nykredit Realkredit's covered bonds (see "Related Articles"). The total amount of covered bonds rated amounts to DKK135.4 billion as of June 30, 2008. The covered bonds are backed a cover pool consisting of Danish residential mortgage assets. Totalkredit Capital Centre C is a closed capital centre and there will be no new issuances. All issuance from Capital...
Companies mentioned in this report are: Totalkredit A/S
Action: New Rating