Various Rating Actions Taken On CaixaBank?s And Bankia?s Mortgage Covered Bond Programs Following Merger - S&P Global Ratings’ Credit Research

Various Rating Actions Taken On CaixaBank?s And Bankia?s Mortgage Covered Bond Programs Following Merger

Various Rating Actions Taken On CaixaBank?s And Bankia?s Mortgage Covered Bond Programs Following Merger - S&P Global Ratings’ Credit Research
Various Rating Actions Taken On CaixaBank?s And Bankia?s Mortgage Covered Bond Programs Following Merger
Published Mar 29, 2021
4 pages (1596 words) — Published Mar 29, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On March 29, 2021, we affirmed our 'BBB+/Stable/A-2' issuer credit ratings on CaixaBank S.A., following the merger completion of CaixaBank and Bankia S.A., and we withdrew our 'BBB+/Stable/A-2' ratings on Bankia. The outlook for our rating on CaixaBank is stable. CaixaBank's mortgage covered bond program now includes the outstanding mortgage covered bonds from Bankia. We affirmed our 'AA' ratings on CaixaBank's mortgage covered bond program and all outstanding issuances. The outlook is stable. We withdrew our 'AA' ratings on Bankia's mortgage covered bond program. MADRID (S&P Global Ratings) March 29, 2021--S&P Global Ratings today affirmed its 'AA' credit ratings on CaixaBank S.A.'s mortgage covered bond program and related issuances ("Cédulas Hiptecarias"), following the merger with Bankia S.A., legally effective on

  
Brief Excerpt:

...Various Rating Actions Taken On CaixaBank's And Bankia's Mortgage Covered Bond Programs Following Merger...

  
Report Type:

Ratings Action

Ticker
CRI@SM
Issuer
CaixaBank, S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Spain
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Various Rating Actions Taken On CaixaBank?s And Bankia?s Mortgage Covered Bond Programs Following Merger" Mar 29, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Various-Rating-Actions-Taken-On-CaixaBank-s-And-Bankia-s-Mortgage-Covered-Bond-Programs-Following-Merger-2619097>
  
APA:
S&P Global Ratings’ Credit Research. (). Various Rating Actions Taken On CaixaBank?s And Bankia?s Mortgage Covered Bond Programs Following Merger Mar 29, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Various-Rating-Actions-Taken-On-CaixaBank-s-And-Bankia-s-Mortgage-Covered-Bond-Programs-Following-Merger-2619097>
  
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