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Abanca Corporacion Bancaria Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA+' Ratings Affirmed

Published May 07, 2020

3 pages (1494 words) — Published May 07, 2020

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

On April 29, 2019, we revised the outlook on Abanca Corporacion Bancaria to negative from stable and affirmed our 'BB+/B' long- and short-term credit ratings. Under our covered bonds criteria the current 'AA+/Stable' ratings on the covered bonds have no unused notches of rating uplift. This means that any rating action on Abanca Corporacion Bancaria has a direct impact on the ratings of covered bonds. Therefore, we have affirmed our 'AA+' ratings on Abanca Corporacion Bancaria's mortgage covered bond program and related issuances. At the same time, we have revised the outlook on our ratings to negative from stable, reflecting the negative outlook on Abanca Corporacion Bancaria. MADRID (S&P Global Ratings) May 7, 2020--S&P Global Ratings today affirmed its 'AA+'

Report Type:

Ratings Action

Ticker

0256595Z@SM

Issuer

Abanca Corporacion Bancaria S.A

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Europe, Middle East, Africa

Format:

PDF

Bulletin: Set-Back In Abanca's Acquisition Of Eurobic – 2020/06/18 – Free

Transaction Update: Abanca Corporacion Bancaria S.A. (Mortgage Covered Bonds) – 2020/06/30 – US$ 375.00

Research Update: Abanca Corporacion Bancaria S.A. 'BB+/B' Ratings Affirmed On Announced Bankoa Acquisition; Outlook Remains Negative – 2020/08/04 – US$ 225.00

Abanca Corporacion Bancaria S.A – 2020/09/29 – US$ 500.00

Research Update: Abanca Corporacion Bancaria Outlook Revised To Stable From Negative On Strengthened Capital; 'BB+/B' Ratings Affirmed – 2021/02/10 – US$ 225.00

Research Update: Spain-Based Abanca Outlook Revised To Negative Amid Economic Downturn Linked To COVID-19; Ratings Affirmed – 2020/04/29 – US$ 225.00

Research Update: Abanca Corporacion Bancaria Outlook To Stable On Announced Acquisition Of Eurobic S.A.; 'BB+/B' Ratings Affirmed – 2020/02/12 – US$ 225.00

Abanca's Mortgage Covered Bond Program Ratings Raised Following Similar Action On Spain; Outlook Stable – 2019/10/04 – US$ 150.00

Abanca Corporacion Bancaria S.A – 2019/09/27 – US$ 500.00

Research Update: Abanca Outlook Revised To Positive On Favorable Underlying Profitability Prospects; 'BB+/B' Ratings Affirmed – 2019/09/10 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Abanca Corporacion Bancaria Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA+' Ratings Affirmed" May 07, 2020. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Abanca-Corporacion-Bancaria-Spanish-Mortgage-Covered-Bonds-Outlook-Revised-To-Negative-AA-Ratings-Affirmed-2426253>

APA:	S&P Global Ratings’ Credit Research. (). Abanca Corporacion Bancaria Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA+' Ratings Affirmed May 07, 2020. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Abanca-Corporacion-Bancaria-Spanish-Mortgage-Covered-Bonds-Outlook-Revised-To-Negative-AA-Ratings-Affirmed-2426253>

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