Mortgage Society of Finland CBA Covered Bond Program, First Issuance Assigned Preliminary 'AAA' Rating; Outlook Stable

We assigned our preliminary 'AAA' ratings to The Mortgage Society of Finland's CBA covered bond program and soft-bullet issuance. Our preliminary ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement exceeds the required credit enhancement for a 'AAA' rating. The stable outlook reflects the stable outlook on the long-term issuer credit rating on the issuer. MADRID (S&P Global Ratings) Nov. 7, 2022--S&P Global Ratings assigned its preliminary 'AAA' credit ratings to Mortgage Society of Finland's ("Suomen Hypoteekkiyhdistys", or Hypo) CBA covered bond program and its inaugural public issuance. Our covered bond ratings process follows the methodology and assumptions outlined in our "Covered Bonds Criteria," published on Dec. 9, 2014, and

...- We assigned our preliminary '###' ratings to The Mortgage Society of Finland's CBA covered bond program and soft-bullet issuance. - Our preliminary ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement exceeds the required credit enhancement for a '###' rating. - The stable outlook reflects the stable outlook on the long-term issuer credit rating on the issuer. MADRID (S&P Global Ratings) Nov. 7, 2022--S&P Global Ratings assigned its preliminary '###' credit ratings to Mortgage Society of Finland's ("Suomen Hypoteekkiyhdistys", or Hypo) CBA covered bond program and its inaugural public issuance. Our covered bond ratings process follows the methodology and assumptions outlined in our "Covered Bonds Criteria," published on Dec. 9, 2014, and "Covered Bond Ratings Framework: Methodology And Assumptions," published on June 30, 2015. From our analysis of Hypo's covered bond program and the Finnish covered bond legislation,...

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