Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds - Fitch Research

Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds

Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds - Fitch Research
Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds
Published Dec 12, 2014
24 pages (13013 words) — Published Dec 12, 2014
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About This Report

  
Brief Excerpt:

...This criteria outlines Fitch Ratings' methodology for analysing asset related risks in commercial real estate (CRE) loans securing covered bonds. This includes the analysis of the probability of default (PD) and the expected recovery rates, differentiated by borrower types: real estate investment companies and operating companies as well as CRE specific assumptions for Fitch's cash flow analysis. This methodology may also be applied to CRE loans that are part of mixed portfolios, comprising both residential and commercial mortgage loans. This methodology is intended to be applied in conjunction with the Covered Bonds Rating Criteria, dated August 2014....

  
Report Type:

Rating Criteria

Company(ies)
UniCredit Bank GMBH , Danske Bank A/S , Banca Carige S.p.A. , Aareal Beteiligungen AG , Banco Santander S.A. , Aareal Bank AG , mBank Hipoteczny S.A , Unione di Banche Italiane S.p.A. , Bayerische Landesbank , Landesbank Hessen-Thuringen Girozentrale , Berlin Hyp AG , Pekao Bank Hipoteczny SA , Banco Mare Nostrum S.A. , Bankia, S.A. , Realkredit Danmark A/S , Abanca Corporacion Bancaria, S.A. , CAJAMAR CAJA RURAL, SOCIEDAD COOPERATIVO DE CREDITO , Caja Laboral Popular COOP de Credito
Ticker(s)
ARL , BKIA , CRG , DANSKE , SAN , UBI
Issuer
Unione di Banche Italiane Scpa - UBI Banca
Format:
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MLA:
Fitch Research. "Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds" Dec 12, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/fitch-credit-research/Criteria-for-the-Analysis-of-Commercial-Real-Estate-Loans-Securing-Covered-Bonds-827408_report_frame>
  
APA:
Fitch Research. (). Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds Dec 12, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/fitch-credit-research/Criteria-for-the-Analysis-of-Commercial-Real-Estate-Loans-Securing-Covered-Bonds-827408_report_frame>
  
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