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Rating Assigned To 15th Issue From BNP Paribas Home Loan Covered Bond Program Jul 09 Product Image

Rating Assigned To 15th Issue From BNP Paribas Home Loan Covered Bond Program Jul 09

  • ID: 1828094
  • July 2009
  • Standard & Poors

Abstract
OVERVIEW We assigned ratings to the 15th issuance under BNP Paribas' up to €25 billion home loan covered bond program. The bonds are backed by a French portfolio owned by BNP Paribas of first-lien mortgages or residential loans guaranteed by Crédit Logement PARIS (Standard & Poor's) July 23, 2009Standard & Poor's Ratings Services today assigned its 'AAA' credit rating to the €1.25 billion fixed-rate covered bonds series 15 issued under BNP Paribas Home Loan covered bond program. The program may issue up to €25 billion in total. Under the terms of the program, BNP Paribas Home Loan Covered Bonds (the issuer) issued the covered bonds and used the proceeds to fund a credit facility to be made available to BNP...

Companies mentioned in this report are:
- BNP Paribas Home Loan Covered Bonds
- BNP Paribas

Action: New Rating

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.

- BNP Paribas Home Loan Covered Bonds
- BNP Paribas

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