...OVERVIEW + We have affirmed our '###' ratings on Belfius Bank's public sector covered bond program and related issuances. + The available credit enhancement exceeds the required credit enhancement for a '###' rating and there are no other factors constraining our ratings. + The stable outlook reflects one unused notch of uplift from the issuer credit rating on Belfius Bank and the outlook on our long-term unsolicited sovereign rating on Belgium. LONDON (S&P Global Ratings) March 10, 2017--S&P Global Ratings today affirmed its '###' credit ratings on Belfius Bank SA/NV's public sector covered bond program and related issuances. The outlook on our ratings is stable. Our ratings reflect our review of the program under our covered bonds criteria and our criteria for assessing pools of public sector loans (see "Covered Bonds Criteria," published on Dec. 9, 2014, "Covered Bond Ratings Framework: Methodology And Assumptions," published on June 30, 2015, and "Methodology And Assumptions For Assessing...
