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S&P Corrects By Withdrawing Ratings On UniCredit's Mortgage Covered Bonds Series 1581 And 1695

Published Aug 02, 2012

931 words — Published Aug 02, 2012

Price US$ 150.00 | Buy this Report Now

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Abstract:

OVERVIEW On Feb. 8, 2011 (series 1581) and on May 4, 2012 (series 1695), we assigned 'AAA/Stable' ratings to two senior secured mortgage covered bonds issued by UniCredit. We were, however, not engaged to rate these two covered bond issuances. On discovery of the error we have withdrawn the ratings on these two issuances. FRANKFURT (Standard&Poor's) Aug. 2, 2012--Standard&Poor's Ratings Services today withdrew its 'AAA/Stable' ratings on UniCredit Bank AG's senior secured mortgage covered bonds €20 million series 1581 and €10 million series 1695 issuances ("Hypothekenpfandbriefe"). We assigned these ratings in error on Feb. 8, 2011 to series 1581 and on May 4, 2012 to series 1695, as we were not engaged to rate these two

Brief Excerpt:

RESEARCH S&P Corrects By Withdrawing Ratings On UniCredit's Mortgage Covered Bonds Series 1581 And 1695 Publication date: 02-Aug-2012 Surveillance Credit Analyst: Ioan Isopel, Frankfurt (49) 69-33-999-306; ioan_isopel@standardandpoors.com...

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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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "S&P Corrects By Withdrawing Ratings On UniCredit's Mortgage Covered Bonds Series 1581 And 1695" Aug 02, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Withdrawing-Ratings-On-UniCredit-s-Mortgage-Covered-Bonds-Series-1581-And-1695-997346>

APA:	S&P Global Ratings’ Credit Research. (). S&P Corrects By Withdrawing Ratings On UniCredit's Mortgage Covered Bonds Series 1581 And 1695 Aug 02, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Withdrawing-Ratings-On-UniCredit-s-Mortgage-Covered-Bonds-Series-1581-And-1695-997346>

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