Cajamar Caja Rural's Mortgage Covered Bond Program Outlook Revised To Positive; Ratings Affirmed

On July 20, 2022, we revised our outlook on Banco de Credito Social Cooperativo S.A. and Cajamar Caja Rural S.C.C. to positive from stable and affirmed the 'BB/B' long- and short-term issuer credit ratings. Following this action and the application of our criteria, we have affirmed our 'AA' ratings on Cajamar Caja Rural's mortgage covered bonds. At the same time, we revised the outlook on the ratings to positive from stable. The positive outlook on Cajamar Caja Rural's mortgage covered bonds reflects the positive outlook on the issuer. MADRID (S&P Global Ratings) July 29, 2022--S&P Global Ratings today revised to positive from stable its outlook on the credit ratings on Cajamar Caja Rural S.C.C.'s mortgage covered bond program and related

...- On July 20, 2022, we revised our outlook on Banco de Credito Social Cooperativo S.A. and Cajamar Caja Rural S.C.C. to positive from stable and affirmed the '##/B' long- and short-term issuer credit ratings. - Following this action and the application of our criteria, we have affirmed our '##' ratings on Cajamar Caja Rural's mortgage covered bonds. - At the same time, we revised the outlook on the ratings to positive from stable. - The positive outlook on Cajamar Caja Rural's mortgage covered bonds reflects the positive outlook on the issuer. MADRID (S&P Global Ratings) July 29, 2022--S&P Global Ratings today revised to positive from stable its outlook on the credit ratings on Cajamar Caja Rural S.C.C.'s mortgage covered bond program and related issuances. We have also affirmed our '##' ratings on the covered bonds. Today's rating actions follow our July 20, 2022, rating actions on subsidiaries of Grupo Cooperativo Cajamar (see "Banco de Credito Social Cooperativo And Cajamar Caja Rural...

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