Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Cajamar Caja Rural S.C.C.

Cajamar Caja Rural Spanish Mortgage Covered Bonds Outlook Revised To Positive; 'A+' Ratings Affirmed

Published Dec 12, 2018

4 pages (1481 words) — Published Dec 12, 2018

Price US$ 150.00 | Buy this Report Now

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Abstract:

OVERVIEW We have revised to positive from stable the outlook on Cajamar Caja Rural's mortgage covered bond program and related issuances to reflect the issuer's creditworthiness. At the same time, we have affirmed our 'A+' ratings on the covered bonds. The positive outlook on Cajamar Caja Rural's mortgage covered bonds reflects that we could raise our ratings on the covered bonds if we were to change our view of the creditworthiness of the bank. MADRID (S&P Global Ratings) Dec. 12, 2018--S&P Global Ratings today revised to positive from stable the outlook on the mortgage covered bonds ("cédulas hipotecarias") issued by Spain-based Cajamar Caja Rural S.C.C. At the same, time, we affirmed our 'A+' ratings on the covered bonds. Today's outlook

Brief Excerpt:

...OVERVIEW + We have revised to positive from stable the outlook on Cajamar Caja Rural's mortgage covered bond program and related issuances to reflect the issuer's creditworthiness. + At the same time, we have affirmed our 'A+' ratings on the covered bonds. + The positive outlook on Cajamar Caja Rural's mortgage covered bonds reflects that we could raise our ratings on the covered bonds if we were to change our view of the creditworthiness of the bank. MADRID (S&P Global Ratings) Dec. 12, 2018--S&P Global Ratings today revised to positive from stable the outlook on the mortgage covered bonds ("cTdulas hipotecarias") issued by Spain-based Cajamar Caja Rural S.C.C. At the same, time, we affirmed our 'A+' ratings on the covered bonds. Today's outlook revision reflects our view of the issuer's creditworthiness. There are no rating constraints related to country, counterparty, legal, or administrative and operational risks. The positive outlook on Cajamar Caja Rural's mortgage covered bonds reflects...

Report Type:

Ratings Action

Issuer

Cajamar Caja Rural S.C.C.

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Europe, Middle East, Africa

Format:

PDF

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Transaction Update: Cajamar Caja Rural S.C.C. (Mortgage Covered Bonds) – 2019/10/14 – US$ 375.00

Cajamar Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA' Ratings Affirmed – 2020/05/07 – US$ 150.00

Transaction Update: Cajamar Caja Rural S.C.C. (Mortgage Covered Bonds) – 2020/10/20 – US$ 375.00

Cajamar Caja Rural S.C.C.Spanish Mortgage Covered Bonds Outlook Revised To Stable; 'AA' Ratings Affirmed – 2020/12/09 – US$ 150.00

Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable – 2018/04/11 – US$ 150.00

Ratings Raised To 'A' From 'A-' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Positive – 2017/12/04 – US$ 150.00

Transaction Update: Cajamar Caja Rural S.C.C. (Mortgage Covered Bonds) – 2017/10/12 – US$ 375.00

Outlook On Cajamar's Spanish Mortgage Covered Bonds Revised To Positive From Stable; 'A-' Ratings Affirmed – 2017/02/16 – US$ 150.00

Transaction Update: Cajamar Caja Rural S.C.C. (Mortgage Covered Bonds) – 2016/12/14 – US$ 375.00

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MLA:	S&P Global Ratings’ Credit Research. "Cajamar Caja Rural Spanish Mortgage Covered Bonds Outlook Revised To Positive; 'A+' Ratings Affirmed" Dec 12, 2018. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cajamar-Caja-Rural-Spanish-Mortgage-Covered-Bonds-Outlook-Revised-To-Positive-A-Ratings-Affirmed-2142948>

APA:	S&P Global Ratings’ Credit Research. (). Cajamar Caja Rural Spanish Mortgage Covered Bonds Outlook Revised To Positive; 'A+' Ratings Affirmed Dec 12, 2018. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cajamar-Caja-Rural-Spanish-Mortgage-Covered-Bonds-Outlook-Revised-To-Positive-A-Ratings-Affirmed-2142948>

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