Research Update: Germany-Based UniCredit Bank 'A/A-1' Ratings Affirmed And Removed From Watch Negative; Outlook Negative Feb 12
- Language: English
- Published: February 2012
LONDON (Standard & Poor's) Dec. 22, 2005Standard & Poor's Ratings Services said today it took two separate rating actions on two RMBS transactions originated by Bayerische Hypo- und Vereinsbank AG. In Building Comfort 2002-1 and Building Comfort 2003-1 PLC it raised its ratings on the class B, C, and D notes. At the same time, the ratings on the remaining classes of notes and the senior CDS entered into by Building Comfort 2002-1 were affirmed (see list below). The upgrade of the various classes of notes follows Standard & Poor's detailed credit analysis of the loan portfolios referenced in the transactions. This took into account inherent risks like market value decline of underlying properties and foreclosure likelihood of delinquent borrowers,...
Companies mentioned in this report are:
- UniCredit Bank AG
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