Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Cajamar Caja Rural S.C.C.

Outlook On Cajamar's Spanish Mortgage Covered Bonds Revised To Positive From Stable; 'A-' Ratings Affirmed

Published Feb 16, 2017

4 pages (1439 words) — Published Feb 16, 2017

Price US$ 150.00 | Buy this Report Now

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Abstract:

OVERVIEW We have revised to positive from stable our outlook on our ratings on Cajamar's mortgage covered bond program and related issuances to reflect the issuer's creditworthiness. At the same time, we have affirmed our 'A-' ratings on the covered bond program and related issuances. The positive outlook on the covered bond ratings reflects that we could raise our ratings if we were to change our view of the bank's creditworthiness. MADRID (S&P Global Ratings) Feb. 16, 2017--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 Cajamar Caja Rural S.C.C. At the same time, we have affirmed our 'A-' ratings on the covered bond

Brief Excerpt:

...OVERVIEW + We have revised to positive from stable our outlook on our ratings on Cajamar's mortgage covered bond program and related issuances to reflect the issuer's creditworthiness. + At the same time, we have affirmed our 'A-' ratings on the covered bond program and related issuances. + The positive outlook on the covered bond ratings reflects that we could raise our ratings if we were to change our view of the bank's creditworthiness. MADRID (S&P Global Ratings) Feb. 16, 2017--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 Cajamar Caja Rural S.C.C. At the same time, we have affirmed our 'A-' ratings on the covered bond program and related issuances. Today's outlook revision reflects that we could raise our ratings on the covered bonds if we were to change our view of the bank's creditworthiness. There are no rating constraints related to counterparty, legal, or administrative...

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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Transaction Update: Cajas Rurales Unidas S.C.C. (Mortgage Covered Bonds) – 2015/12/21 – US$ 375.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Outlook On Cajamar's Spanish Mortgage Covered Bonds Revised To Positive From Stable; 'A-' Ratings Affirmed" Feb 16, 2017. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Cajamar-s-Spanish-Mortgage-Covered-Bonds-Revised-To-Positive-From-Stable-A-Ratings-Affirmed-1801667>

APA:	S&P Global Ratings’ Credit Research. (). Outlook On Cajamar's Spanish Mortgage Covered Bonds Revised To Positive From Stable; 'A-' Ratings Affirmed Feb 16, 2017. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Cajamar-s-Spanish-Mortgage-Covered-Bonds-Revised-To-Positive-From-Stable-A-Ratings-Affirmed-1801667>

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