Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable - S&P Global Ratings’ Credit Research

Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable

Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable - S&P Global Ratings’ Credit Research
Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable
Published Apr 11, 2018
4 pages (1451 words) — Published Apr 11, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW We have raised to 'A+' from 'A' our ratings on Cajamar's Spanish mortgage covered bond program and related issuances to reflect the issuer's creditworthiness. The stable outlook on our ratings on the covered bonds reflects the fact that we could lower or raise our ratings if we were to change our view of the issuer's creditworthiness. MADRID (S&P Global Ratings) April 11, 2018--S&P Global Ratings today raised to 'A+' from 'A' its credit ratings on the mortgage covered bonds ("cédulas hipotecarias") issued by Spain-based Cajamar Caja Rural S.C.C. The outlook on our ratings is stable. Today's upgrades reflect our view of the issuer's creditworthiness. There are no rating constraints related to counterparty, legal, or administrative and operational risks. According

  
Brief Excerpt:

...OVERVIEW + We have raised to 'A+' from 'A' our ratings on Cajamar's Spanish mortgage covered bond program and related issuances to reflect the issuer's creditworthiness. + The stable outlook on our ratings on the covered bonds reflects the fact that we could lower or raise our ratings if we were to change our view of the issuer's creditworthiness. MADRID (S&P Global Ratings) April 11, 2018--S&P Global Ratings today raised to 'A+' from 'A' its credit ratings on the mortgage covered bonds ("cTdulas hipotecarias") issued by Spain-based Cajamar Caja Rural S.C.C. The outlook on our ratings is stable. Today's upgrades reflect our view of the issuer's creditworthiness. There are no rating constraints related to counterparty, legal, or administrative and operational risks. According to our structured finance ratings above the sovereign criteria, we can rate covered bonds a maximum of three notches above the long-term rating on the sovereign, unless structural features fully address refinancing...

  
Report Type:

Ratings Action

Issuer
Cajamar Caja Rural S.C.C.
Sector
Global Issuers, Structured Finance
Country
Spain
Region
Europe, Middle East, Africa
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable" Apr 11, 2018. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Raised-To-A-From-A-On-Cajamar-s-Spanish-Mortgage-Covered-Bonds-Outlook-Stable-2019582>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings Raised To 'A+' From 'A' On Cajamar's Spanish Mortgage Covered Bonds; Outlook Stable Apr 11, 2018. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Raised-To-A-From-A-On-Cajamar-s-Spanish-Mortgage-Covered-Bonds-Outlook-Stable-2019582>
  
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