Outlook On Abanca's Mortgage Covered Bonds Revised To Positive After Rating Action On Bank; 'A' Ratings Affirmed

OVERVIEW On Oct. 25, 2016, we revised to positive from stable our outlook on Abanca Corporación Bancaria and affirmed our ratings on the bank. We are therefore revising to positive from stable our outlook on our ratings on Abanca Corporación Bancaria's mortgage covered bonds and affirming our 'A' ratings. The positive outlook on the ratings reflects the positive outlook on our long-term rating on Abanca Corporación Bancaria. MADRID (S&P Global Ratings) Oct. 27, 2016-- S&P Global Ratings today revised to positive from stable its outlook on its 'A' credit ratings on the mortgage covered bonds ("cédulas hipotecarias") issued by Spain-based Abanca Corporación Bancaria, S.A. (Abanca; B+/Positive/B). At the same time, we have affirmed our 'A' ratings on the covered bond

...OVERVIEW + On Oct. 25, 2016, we revised to positive from stable our outlook on Abanca Corporaci=n Bancaria and affirmed our ratings on the bank. + We are therefore revising to positive from stable our outlook on our ratings on Abanca Corporaci=n Bancaria's mortgage covered bonds and affirming our 'A' ratings. + The positive outlook on the ratings reflects the positive outlook on our long-term rating on Abanca Corporaci=n Bancaria. MADRID (S&P Global Ratings) Oct. 27, 2016-- S&P Global Ratings today revised to positive from stable its outlook on its 'A' credit ratings on the mortgage covered bonds ("cTdulas hipotecarias") issued by Spain-based Abanca Corporaci=n Bancaria, S.A. (Abanca; B+/Positive/B). At the same time, we have affirmed our 'A' ratings on the covered bond program and related issuances. Today's rating actions follow our Oct. 25, 2016 rating actions on Abanca (see " Spain-Based Abanca Outlook To Positive On Strengthening Business Profile And Easing Economic Risks; Ratings Affirmed")....

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