...OVERVIEW + We have assigned our '##+' ratings to Oberoesterreichische Landesbank's mortgage covered bond program and related issuances. + Our ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement is commensurate with a '##+' rating. + The positive outlook reflects the positive outlook on Oberoesterreichische Landesbank. FRANKFURT (S&P Global Ratings) Oct. 4, 2016--S&P Global Ratings today assigned its '##+' credit ratings to the mortgage covered bond program and related issuances issued by Oberoesterreichische Landesbank AG. The outlook on our ratings is positive. Our covered bond ratings process follows the methodology and assumptions outlined in "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 Oberoesterreichische Landesbank's covered bond program and the Austrian legislative covered bond framework,...
