...OVERVIEW + As part of our ongoing surveillance, we have reviewed our ratings on The Mortgage Society of Finland's mortgage covered bond program and related issuances. + The program's available credit enhancement and features remain commensurate with the currently assigned ratings. + We are therefore affirming our '###' ratings on the covered bond program and related issuances. + The stable outlook reflects that the ratings incorporate one unused notch of uplift. MADRID (S&P Global Ratings) May 30, 2017--S&P Global Ratings today affirmed its '###' ratings on the mortgage covered bonds issued by The Mortgage Society of Finland. The outlook on the ratings is stable. We have conducted a credit and cash flow analysis based on our criteria for analyzing residential mortgage collateral in Finnish covered bonds, our commercial real estate criteria, and our criteria for rating covered bonds (see "Related Criteria"). Based on our credit and cash flow results, we consider the overcollateralization...
