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Ratings Assigned To Bankia's Mortgage Covered Bonds; Ratings On Caja Madrid's Mortgage Covered Bonds Withdrawn

Published Jun 03, 2011

1685 words — Published Jun 03, 2011

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Abstract:

OVERVIEW On May 30, we assigned 'A-/A-2' long- and short-term counterparty credit ratings to Bankia, the new main operating entity resulting from the consolidation of seven Spanish savings banks. At the same time, we withdrew our counterparty credit ratings on Caja Madrid, one of the seven banks. Prior to the withdrawal, we affirmed the 'A-/A-2' ratings on Caja Madrid. We have consequently affirmed and withdrawn our ratings on Caja Madrid's mortgage covered bonds. Subsequently, we have assigned 'AAA' ratings to Bankia's mortgage covered bonds. At the same time, we have placed the ratings on Bankia's CHs on CreditWatch negative to reflect the need for further, more detailed information. MADRID (Standard&Poor's) June 3, 2011--Standard&Poor's Ratings Services today

Brief Excerpt:

RESEARCH Ratings Assigned To Bankia's Mortgage Covered Bonds; Ratings On Caja Madrid's Mortgage Covered Bonds Withdrawn Publication date: 03-Jun-2011 Primary Credit Analyst: Ana Galdo, Madrid (34) 91-389-6947; ana_galdo@standardandpoors.com...

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:

HTML

Summary: Bankia S.A.U. – 2011/06/22 – US$ 225.00

Research Update: Bankia Downgraded To 'BBB+', HoldCo BFA To 'BB+/B' On Bank Criteria Change; Long-Term Ratings On Watch Negative – 2011/12/15 – US$ 225.00

Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative – 2012/02/13 – US$ 225.00

Ratings On Bankia's Spanish Mortgage Covered Bonds Lowered Following Rating Action On Bank – 2012/02/21 – US$ 150.00

Bankia, BFA Ratings Kept On Watch Negative On President Resignation, Capital Plan; BFA 'B' S-T Rating On Watch Negative – 2012/05/10 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Ratings Assigned To Bankia's Mortgage Covered Bonds; Ratings On Caja Madrid's Mortgage Covered Bonds Withdrawn" Jun 03, 2011. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-To-Bankia-s-Mortgage-Covered-Bonds-Ratings-On-Caja-Madrid-s-Mortgage-Covered-Bonds-Withdrawn-870506>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Assigned To Bankia's Mortgage Covered Bonds; Ratings On Caja Madrid's Mortgage Covered Bonds Withdrawn Jun 03, 2011. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Assigned-To-Bankia-s-Mortgage-Covered-Bonds-Ratings-On-Caja-Madrid-s-Mortgage-Covered-Bonds-Withdrawn-870506>

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