S&P Corrects Ratings On Two Series Of SCBC And Swedbank Covered Bonds Sep 10

Standard & Poors, September 2010

Abstract
OVERVIEW On July 23, 2010 and Aug. 16, 2010 we resolved our CreditWatch negative placements on SCBC's covered bond program and Swedbank's covered bond program, respectively. However, due to a data entry error, our systems did not reflect these rating actions on one series of SCBC's covered bonds and one series of Swedbank's covered bonds. LONDON (Standard & Poor's) Sept. 17, 2010--Standard & Poor's Ratings Services today affirmed and removed from CreditWatch negative its 'AAA' credit ratings on a single series in each of two Swedish mortgage covered bond programs: AB Sveriges Sakerstallda Obligationer (publ) (The Swedish Covered Bond Corp.) (SCBC) and Swedbank Mortgage AB. At the same time, we have assigned a stable outlook to these two series. Today's...

Companies mentioned in this report are:
- AB Sveriges Sakerstallda Obligationer (The Swedish Covered Bond Corp.)
- Swedbank Mortgage AB

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.

- AB Sveriges Sakerstallda Obligationer (The Swedish Covered Bond Corp.)
- Swedbank Mortgage AB

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