OVERVIEW As part of our ongoing surveillance, we have reviewed our ratings on Abanca Corporación Bancaria's mortgage covered bonds under our covered bonds criteria. Following our review, we have affirmed our 'A-' ratings on the covered bonds to reflect our view that the available credit enhancement is commensurate with the currently assigned ratings. The stable outlook on the ratings reflects the stable outlook on our long-term rating on Abanca Corporación Bancaria. MADRID (Standard&Poor's) Aug. 4, 2015--Standard&Poor's Ratings Services said today that it had affirmed its 'A-' credit ratings on Abanca Corporacion Bancaria S.A.'s (Abanca) mortgage covered bond program and related issuances ("cédulas hipotecarias") by applying its criteria for rating covered bonds (see "Covered Bonds Criteria," published
