Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Bankia S.A.

Ratings Affirmed At 'A+' On Bankia's Spanish Mortgage Covered Bonds Following Review; Outlook Stable

Published Jan 15, 2016

About This Report

Abstract:

OVERVIEW As part of our ongoing surveillance, we have reviewed our ratings on Bankia's Spanish mortgage covered bond program and related issuances. In our view, the available credit enhancement is commensurate with the ratings on the outstanding covered bonds. We have therefore affirmed our 'A+' ratings on the program and related issuances. The stable outlook on the ratings reflects that on the sovereign. MADRID (Standard&Poor's) Jan. 15, 2016--Standard&Poor's Ratings Services today affirmed its 'A+' credit ratings on Bankia S.A.'s Spanish mortgage covered bond program and related issuances. The outlook on our ratings is stable. We have conducted a credit and cash flow analysis based on our criteria for rating Spanish residential mortgage-backed securities, our criteria for

Report Type:

Ratings Action

Ticker

BKIA@SM

Issuer

Bankia S.A.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Latin America

Format:

PDF

Summary: Bankia S.A. – 2016/01/27 – US$ 225.00

Bankia S.A. – 2016/01/27 – US$ 500.00

Bankia S.A. – 2016/04/25 – US$ 500.00

Summary: Bankia S.A. – 2016/04/25 – US$ 225.00

Rating On Covered Bond Issuance From Bankia Reinstated At 'A+' – 2016/05/24 – US$ 150.00

Transaction Update: Bankia S.A. (Mortgage Covered Bonds) – 2016/01/15 – US$ 375.00

Research Update: Spanish Bankia Outlook Revised To Positive; 'BB/B' Ratings Affirmed On Government Support And ALAC Review – 2015/12/03 – US$ 225.00

Bulletin: Spanish Bankia And BFA Ratings Unaffected By The Provisioning Of The Potential Cost Of Claims From Bankia's 2011 IPO – 2015/03/02 – Free

Bankia S.A. – 2015/02/09 – US$ 500.00

Summary: Bankia S.A. – 2015/02/09 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Ratings Affirmed At 'A+' On Bankia's Spanish Mortgage Covered Bonds Following Review; Outlook Stable" Jan 15, 2016. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Affirmed-At-A-On-Bankia-s-Spanish-Mortgage-Covered-Bonds-Following-Review-Outlook-Stable-1562858>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Affirmed At 'A+' On Bankia's Spanish Mortgage Covered Bonds Following Review; Outlook Stable Jan 15, 2016. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Affirmed-At-A-On-Bankia-s-Spanish-Mortgage-Covered-Bonds-Following-Review-Outlook-Stable-1562858>

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