...OVERVIEW + As part of our ongoing surveillance, we have reviewed our ratings on Abanca's Spanish mortgage covered bond program and related issuances. + In our view, the available credit enhancement is commensurate with the maximum potential collateral uplift above the jurisdictional supported rating level. + On Feb. 9, 2017, we raised our long-term counterparty credit rating on Abanca to '##-' from 'B+', with a positive outlook. + As a result, we are raising to 'A+' from 'A' our ratings on the program and related issuances. + The stable outlook reflects that on Spain. MADRID (S&P Global Ratings) Feb. 27, 2017--S&P Global Ratings today raised to 'A+' from 'A' its credit ratings on the mortgage covered bonds ("cTdulas hipotecarias") issued by Spain-based Abanca Corporaci=n Bancaria S.A. (##-/Positive/B). The outlook is stable. We have conducted a credit and cash flow analysis based on our European residential loans criteria (applying the specific stresses defined for Spain), our criteria...
