Outlook On Oberoesterreichische Landesbank's Mortgage Covered Bonds Revised To Stable Following Issuer Outlook Revision

OVERVIEW On Dec. 16, 2016, we revised our outlook to stable from positive on our long-term issuer credit rating on Oberoesterreichische Landesbank (the issuer). Under our covered bonds criteria, the 'AA+' ratings on Oberoesterreichische Landesbank's mortgage covered bonds currently reflect the maximum achievable uplift above our long-term issuer credit rating on the issuer, and any rating action on the issuer would therefore result in a corresponding rating action on the covered bonds. As a result, we have revised to stable from positive our outlook on Oberoesterreichische Landesbank's mortgage covered bond program and related issuances. At the same time, we have affirmed our 'AA+' ratings on the covered bond program and related issuances. FRANKFURT (S&P Global Ratings) Jan. 9, 2017--S&P Global

...OVERVIEW + On Dec. 16, 2016, we revised our outlook to stable from positive on our long-term issuer credit rating on Oberoesterreichische Landesbank (the issuer). + Under our covered bonds criteria, the '##+' ratings on Oberoesterreichische Landesbank's mortgage covered bonds currently reflect the maximum achievable uplift above our long-term issuer credit rating on the issuer, and any rating action on the issuer would therefore result in a corresponding rating action on the covered bonds. + As a result, we have revised to stable from positive our outlook on Oberoesterreichische Landesbank's mortgage covered bond program and related issuances. + At the same time, we have affirmed our '##+' ratings on the covered bond program and related issuances. FRANKFURT (S&P Global Ratings) Jan. 9, 2017--S&P Global Ratings today revised to stable from positive its outlook on its credit ratings on Oberoesterreichische Landesbank AG's mortgage covered bond program and related issuances. At the same time,...

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