Rating On Covered Bond Issuance From Bankia Reinstated At 'A+'

MADRID (S&P Global Ratings) May 24, 2016--S&P Global Ratings today corrected by reinstating its 'A+' credit rating on a covered bond issuance (ISIN ES0414950669), including its tap issuances, from Bankia S.A.'s (BB+/Positive/B) covered bond program. The outlook is stable. We had withdrawn this rating in error on May 17, 2016. Bankia is a Spanish financial institution with an established mortgage covered bond program. RELATED CRITERIA AND RESEARCH Related Criteria Counterparty Risk Analysis In Covered Bonds, Dec. 21, 2015 Covered Bond Ratings Framework: Methodology And Assumptions, June 30, 2015 Methodology And Assumptions For Ratings Above The Sovereign--Single-Jurisdiction Structured Finance, May 29, 2015 Methodology And Assumptions: Analyzing European Commercial Real Estate Collateral In European Covered Bonds, March 31, 2015 Covered Bonds Criteria,

...MADRID (S&P Global Ratings) May 24, 2016--S&P Global Ratings today corrected by reinstating its 'A+' credit rating on a covered bond issuance (ISIN ES0414950669), including its tap issuances, from Bankia S.A.'s (##+/Positive/B) covered bond program. The outlook is stable. We had withdrawn this rating in error on May 17, 2016. Bankia is a Spanish financial institution with an established mortgage covered bond program. RELATED CRITERIA AND RESEARCH Related Criteria + Counterparty Risk Analysis In Covered Bonds, Dec. 21, 2015 + Covered Bond Ratings Framework: Methodology And Assumptions, June 30, 2015 + Methodology And Assumptions For Ratings Above The Sovereign--Single-Jurisdiction Structured Finance, May 29, 2015 + Methodology And Assumptions: Analyzing European Commercial Real Estate Collateral In European Covered Bonds, March 31, 2015 + Covered Bonds Criteria, Dec. 9, 2014 + Italy And Spain RMBS Methodology And Assumptions, Sept. 18, 2014 + Europe Asset Isolation And Special-Purpose Entity...

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