...- On Sept. 20, 2019, we raised our unsolicited long- and short-term sovereign credit rating on Spain to 'A/A-1' from 'A-/A-2'. - Following this upgrade and the application of our criteria, we have raised to '##+' from '##' our ratings on Abanca's mortgage covered bonds. - Our outlook on the ratings is stable, reflecting the stable outlook on our unsolicited long-term rating on Spain. MADRID (S&P Global Ratings) Oct. 4, 2019--S&P Global Ratings today raised its credit ratings on Abanca Corporacion Bancaria S.A.'s mortgage covered bond program and related issuances ("cTdulas hipotecarias"). Today's upgrades follow our Sept. 20, 2019, upgrade of Spain (see "Spain Ratings Raised To 'A/A-1' From 'A-/A-2' On Economic Resilience; Outlook Stable," published Sept. 20, 2019). Our ratings reflect the application of our covered bonds criteria, our structured finance ratings above the sovereign (RAS) criteria (see "Incorporating Sovereign Risk In Rating Structured Finance Securities: Methodology And...
