Bankia S.A. Public Sector Covered Bond Program Ratings Withdrawn At Issuer's Request - S&P Global Ratings’ Credit Research

Bankia S.A. Public Sector Covered Bond Program Ratings Withdrawn At Issuer's Request

Bankia S.A. Public Sector Covered Bond Program Ratings Withdrawn At Issuer's Request - S&P Global Ratings’ Credit Research
Bankia S.A. Public Sector Covered Bond Program Ratings Withdrawn At Issuer's Request
Published Mar 29, 2021
3 pages (1243 words) — Published Mar 29, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On March 29, 2021, we affirmed our 'BBB+/Stable/A-2' issuer credit rating on CaixaBank S.A., following the merger between CaixaBank and Bankia S.A., and we withdrew our 'BBB+/Stable/A-2' rating on Bankia. Following this, we withdrew our 'AA-' ratings on Bankia's public sector covered bond program and related issuance at the issuer's request. The outlook was negative at the time of the withdrawal. MADRID (S&P Global Ratings) March 29, 2021--S&P Global Ratings today withdrew its 'AA-' credit ratings on Bankia S.A.'s public sector covered bond program and related issuance ("Cédulas Territoriales") at the issuer's request. The outlook on these ratings was negative at the time of the withdrawal. The withdrawal occurs at the issuer's request following the legal completion of the merger

  
Brief Excerpt:

...- On March 29, 2021, we affirmed our '###+/Stable/A-2' issuer credit rating on CaixaBank S.A., following the merger between CaixaBank and Bankia S.A., and we withdrew our '###+/Stable/A-2' rating on Bankia. - Following this, we withdrew our '##-' ratings on Bankia's public sector covered bond program and related issuance at the issuer's request. The outlook was negative at the time of the withdrawal. MADRID (S&P Global Ratings) March 29, 2021--S&P Global Ratings today withdrew its '##-' credit ratings on Bankia S.A.'s public sector covered bond program and related issuance ("CTdulas Territoriales") at the issuer's request. The outlook on these ratings was negative at the time of the withdrawal. The withdrawal occurs at the issuer's request following the legal completion of the merger between CaixaBank and Bankia....

  
Report Type:

Ratings Action

Ticker
BKIA@SM
Issuer
Bankia S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Spain
Region
Latin America
Format:
PDF Adobe Acrobat
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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. "Bankia S.A. Public Sector Covered Bond Program Ratings Withdrawn At Issuer's Request" Mar 29, 2021. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bankia-S-A-Public-Sector-Covered-Bond-Program-Ratings-Withdrawn-At-Issuer-s-Request-2619101>
  
APA:
S&P Global Ratings’ Credit Research. (). Bankia S.A. Public Sector Covered Bond Program Ratings Withdrawn At Issuer's Request Mar 29, 2021. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bankia-S-A-Public-Sector-Covered-Bond-Program-Ratings-Withdrawn-At-Issuer-s-Request-2619101>
  
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