Bulletin: Ratings Unchanged On CaixaBank's Mortgage Covered Bonds Following Absorption Of Spanish Barclays Bank S.A.U.

MADRID (Standard&Poor's) June 2, 2015--Standard&Poor's Ratings Services said today that its ratings on CaixaBank S.A.'s mortgage covered bond program and the related "cédulas hipotecarias" issuances are unchanged, following the issuer's May 14, 2015 announcement that it has legally absorbed Spanish Barclays Bank S.A.U. (see "Spain-Based Barclays Bank S.A.U. Ratings Withdrawn Following Merger Into Caixabank," published on May 19, 2015). RELATED RESEARCH Spain-Based Barclays Bank S.A.U. Ratings Withdrawn Following Merger Into Caixabank, May 19, 2015

...MADRID (Standard & Poor's) June 2, 2015--Standard & Poor's Ratings Services said today that its ratings on CaixaBank S.A.'s mortgage covered bond program and the related "cTdulas hipotecarias" issuances are unchanged, following the issuer's May 14, 2015 announcement that it has legally absorbed Spanish Barclays Bank S.A.U. (see "Spain-Based Barclays Bank S.A.U. Ratings Withdrawn Following Merger Into Caixabank," published on May 19, 2015). RELATED RESEARCH + Spain-Based Barclays Bank S.A.U. Ratings Withdrawn Following Merger Into Caixabank, May 19, 2015 Under Standard & Poor's policies, only a Rating Committee can determine a Credit Rating Action (including a Credit Rating change, affirmation or withdrawal, Rating Outlook change, or CreditWatch action). This commentary and its subject matter have not been the subject of Rating Committee action and should not be interpreted as a change to, or affirmation of, a Credit Rating or Rating Outlook....

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