Announcements
Drinks
22/11/2018 Rating announcement EN
Scope affirms AAA ratings of mortgage-covered bonds issued by Bank Burgenland, Outlook Stable
Covered bonds credit quality benefit from the issuer’s active risk management, reducing forex and credit risk; ample available overcollateralisation mitigates risks supporting AAA ratings.
17/7/2018 Rating announcement EN
Scope upgrades Austrian mortgage covered bonds issued by Bank Burgenland and Wüstenrot to AAA
Enhanced clarity on insolvency ranking of Austrian unsecured debt prompts upgrade of the covered bond ratings. Strong credit quality of the cover pools coupled with ongoing high levels of overcollateralisation supports rating uplift.
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