Kommunalkredit Austria AG Public Sector Covered Bonds Ratings Raised To 'A+'; Outlook Stable - S&P Global Ratings’ Credit Research

Kommunalkredit Austria AG Public Sector Covered Bonds Ratings Raised To 'A+'; Outlook Stable

Kommunalkredit Austria AG Public Sector Covered Bonds Ratings Raised To 'A+'; Outlook Stable - S&P Global Ratings’ Credit Research
Kommunalkredit Austria AG Public Sector Covered Bonds Ratings Raised To 'A+'; Outlook Stable
Published Mar 04, 2021
4 pages (1742 words) — Published Mar 04, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On Feb. 24, 2021, we assigned 'BBB-/A-3' ratings to Kommunalkredit Austria AG. As a result, following the application of our criteria, we have raised to 'A+' our ratings on Kommunalkredit Austria AG's public sector covered bond program and related issuances. Our outlook on the ratings on the covered bonds is stable, reflecting the stable outlook on Kommunalkredit Austria AG's issuer credit rating. MADRID (S&P Global Ratings) March 4, 2021--S&P Global Ratings today raised its ratings to 'A+' on Kommunalkredit Austria AG's public sector covered bond program and related issuances. Today's upgrade follows the Feb. 24, 2021, assignment of 'BBB-/A-3' long- and short-term issuer credit ratings to Kommunalkredit Austria AG (see "Kommunalkredit Austria AG Assigned 'BBB-/A-3' Ratings; Outlook Stable," published Feb.

  
Brief Excerpt:

...- On Feb. 24, 2021, we assigned '###-/A-3' ratings to Kommunalkredit Austria AG. - As a result, following the application of our criteria, we have raised to 'A+' our ratings on Kommunalkredit Austria AG's public sector covered bond program and related issuances. - Our outlook on the ratings on the covered bonds is stable, reflecting the stable outlook on Kommunalkredit Austria AG's issuer credit rating. MADRID (S&P Global Ratings) March 4, 2021--S&P Global Ratings today raised its ratings to 'A+' on Kommunalkredit Austria AG's public sector covered bond program and related issuances. Today's upgrade follows the Feb. 24, 2021, assignment of '###-/A-3' long- and short-term issuer credit ratings to Kommunalkredit Austria AG (see "Kommunalkredit Austria AG Assigned '###-/A-3' Ratings; Outlook Stable," published Feb. 24, 2021). Our covered bond ratings process follows the methodology and assumptions outlined in our "Covered Bonds Criteria," published on Dec. 9, 2014, and our "Covered Bonds Ratings...

  
Report Type:

Ratings Action

Issuer
Kommunalkredit Austria AG
Sector
Global Issuers, Structured Finance
Country
Austria
Region
Europe, Middle East, Africa
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. "Kommunalkredit Austria AG Public Sector Covered Bonds Ratings Raised To 'A+'; Outlook Stable" Mar 04, 2021. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Kommunalkredit-Austria-AG-Public-Sector-Covered-Bonds-Ratings-Raised-To-A-Outlook-Stable-2605335>
  
APA:
S&P Global Ratings’ Credit Research. (). Kommunalkredit Austria AG Public Sector Covered Bonds Ratings Raised To 'A+'; Outlook Stable Mar 04, 2021. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Kommunalkredit-Austria-AG-Public-Sector-Covered-Bonds-Ratings-Raised-To-A-Outlook-Stable-2605335>
  
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