Sparbanken Skane's Mortgage Covered Bond Program Assigned 'AAA' Rating; Outlook Stable

OVERVIEW We have assigned 'AAA' ratings to the mortgage covered bond program and related first issuance of Swedish bank Sparbanken Skåne. Our ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement exceeds the required credit enhancement for a 'AAA' rating. The stable outlook reflects one unused notch of collateral-based uplift. LONDON (S&P Global Ratings) Oct. 5, 2017--S&P Global Ratings today assigned 'AAA' credit ratings to the mortgage covered bond program and related issuance of Swedish bank Sparbanken Skåne. Our covered bond ratings process follows the methodology and assumptions outlined in "Covered Bonds Criteria," published on Dec. 9, 2014, and "Covered Bond Ratings Framework: Methodology And Assumptions," published on June 30,

...OVERVIEW + We have assigned '###' ratings to the mortgage covered bond program and related first issuance of Swedish bank Sparbanken Sksne. + Our ratings reflect our review of the program under our covered bonds criteria and the fact that available credit enhancement exceeds the required credit enhancement for a '###' rating. + The stable outlook reflects one unused notch of collateral-based uplift. LONDON (S&P Global Ratings) Oct. 5, 2017--S&P Global Ratings today assigned '###' credit ratings to the mortgage covered bond program and related issuance of Swedish bank Sparbanken Sksne. Our covered bond ratings process follows the methodology and assumptions outlined in "Covered Bonds Criteria," published on Dec. 9, 2014, and "Covered Bond Ratings Framework: Methodology And Assumptions," published on June 30, 2015. From our analysis of Sparbanken Sksne's covered bond program and the Swedish legislative covered bond framework, we have concluded that the assets in the cover pool are isolated...

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