Ratings Affirmed On 10 Covered Bond Programs (April 16, 2010 Review) Apr 10
Standard & Poors, April 2010
Abstract
OVERVIEW Today's rating actions follow the application of our revised criteria for assessing asset-liability mismatch risk in covered bonds. We have affirmed and removed from CreditWatch negative our ratings on 10 covered bonds programs and the debt they issue. We have also assigned a stable outlook to all of these programs. FRANKFURT (Standard & Poor's) April 16, 2010--Standard & Poor's Ratings Services today affirmed and removed from CreditWatch negative its 'AAA' credit ratings on 10 covered bond programs. At the same time, we have assigned stable outlooks to the covered bonds issued under these programs (see ratings list below). Today's affirmations follow the application of our updated covered bond criteria (see "Revised Methodology And Assumptions For Assessing Asset-Liability Mismatch Risk...
Companies mentioned in this report are:
- Nykredit Realkredit A/S
- Danske Bank A/S
- Dexia Kommunalbank Deutschland AG
- WL BANK AG Westfaelische Landschaft Bodenkreditbank
- Totalkredit A/S
- Deutsche Postbank AG
- UniCredit SpA Obbligazioni Bancarie Garantite Programme
Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Nykredit Realkredit A/S
- Danske Bank A/S
- Dexia Kommunalbank Deutschland AG
- WL BANK AG Westfaelische Landschaft Bodenkreditbank
- Totalkredit A/S
- Deutsche Postbank AG
- UniCredit SpA Obbligazioni Bancarie Garantite Programme
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