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Ratings Lowered In UniCredit Bank AG's Building Comfort 2008 German RMBS Deal Following Counterparty Criteria Update

Published Jun 29, 2012

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Abstract:

OVERVIEW Based on the application of our 2012 counterparty criteria, we have now capped our ratings in UniCredit Bank AG's Building Comfort 2008 transaction at 'A (sf)'. We have lowered our ratings on the class A+, B+, C+, and D+ notes in the transaction. Building Comfort 2008 is a synthetic, partially funded, German RMBS transaction issued by UniCredit Bank AG. FRANKFURT (Standard&Poor's) June 29, 2012--Standard&Poor's Ratings Services today lowered its credit ratings on the class A+, B+, C+, and D+ notes issued by UniCredit Bank AG's Building Comfort 2008 transaction (see list below). Building Comfort 2008 is a synthetic, partially funded, German residential mortgage-backed securities (RMBS) transaction. Its purpose is to transfer credit risk associated with

Report Type:

Ratings Action

Ticker

HVM@GR

Issuer

UniCredit Bank AG

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Germany

Region

United States

Format:

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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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MLA:	S&P Global Ratings’ Credit Research. "Ratings Lowered In UniCredit Bank AG's Building Comfort 2008 German RMBS Deal Following Counterparty Criteria Update" Jun 29, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Lowered-In-UniCredit-Bank-AG-s-Building-Comfort-2008-German-RMBS-Deal-Following-Counterparty-Criteria-Update-982639>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Lowered In UniCredit Bank AG's Building Comfort 2008 German RMBS Deal Following Counterparty Criteria Update Jun 29, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Lowered-In-UniCredit-Bank-AG-s-Building-Comfort-2008-German-RMBS-Deal-Following-Counterparty-Criteria-Update-982639>

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