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Cajamar Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA' Ratings Affirmed

Published May 07, 2020

3 pages (1267 words) — Published May 07, 2020

Price US$ 150.00 | Buy this Report Now

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Abstract:

We have revised to negative 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 'AA' ratings on the covered bonds. The negative outlook on Cajamar Caja Rural's mortgage covered bonds reflects that we could lower our ratings on the covered bonds if we were to change our view of the bank's creditworthiness. MADRID (S&P Global Ratings) May 7, 2020--S&P Global Ratings today affirmed its 'AA' credit ratings on Cajamar Caja Rural S.C.C. Spanish mortgage covered bond program and related issuances. We have also revised the outlook on our ratings to negative from stable. Today's outlook revision reflects our view of the

Brief Excerpt:

...- We have revised to negative 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 '##' ratings on the covered bonds. - The negative outlook on Cajamar Caja Rural's mortgage covered bonds reflects that we could lower our ratings on the covered bonds if we were to change our view of the bank's creditworthiness. MADRID (S&P Global Ratings) May 7, 2020--S&P Global Ratings today affirmed its '##' credit ratings on Cajamar Caja Rural S.C.C. Spanish mortgage covered bond program and related issuances. We have also revised the outlook on our ratings to negative from stable. 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 negative outlook on Cajamar Caja Rural's mortgage covered bonds reflects that we could lower our ratings...

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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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Cajamar Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA' Ratings Affirmed" May 07, 2020. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cajamar-Spanish-Mortgage-Covered-Bonds-Outlook-Revised-To-Negative-AA-Ratings-Affirmed-2426279>

APA:	S&P Global Ratings’ Credit Research. (). Cajamar Spanish Mortgage Covered Bonds Outlook Revised To Negative; 'AA' Ratings Affirmed May 07, 2020. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cajamar-Spanish-Mortgage-Covered-Bonds-Outlook-Revised-To-Negative-AA-Ratings-Affirmed-2426279>

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