Announcements

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      Instrument data
      Senority
      Senior Secured
      Currency
      EUR
      ISIN
      AT0000A1YYY8
      Coupon percent
      1.48%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      25,000,000
      Maturity date
      15/11/2032
      -
      AAA Outlook: Stable
      AAA Outlook: Stable
      Latest change
      Affirmed
      25/03/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Mathias Pleissner Lead analyst
      Karlo Fuchs Committee chair
      Scope affirms AAA rating of Wüstenrot’s Austrian mortgage-covered bonds, with Stable Outlook

      25/3/2024 Rating announcement EN

      Scope affirms AAA rating of Wüstenrot’s Austrian mortgage-covered bonds, with Stable Outlook

      The issuer’s credit strength combined with governance and cover pool support result in the highest rating. Market risks are moderate. Sound credit quality of the cover pool with granular, low loan-to-value domestic residential mortgage secured loans.

      Scope affirms AAA rating of Wüstenrot’s Austrian mortgage-covered bonds, with Stable Outlook

      10/5/2023 Rating announcement EN

      Scope affirms AAA rating of Wüstenrot’s Austrian mortgage-covered bonds, with Stable Outlook

      The issuer’s sound credit strength combined with governance and cover pool support result in the highest rating. Market risks are moderate. Sound credit quality from domestic, residential and low loan-to-value cover assets.

      Scope Ratings affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Wüstenrot

      13/6/2022 Rating announcement EN

      Scope Ratings affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Wüstenrot

      Lower stressed maturity mismatches result in lower overcollateralisation needed to support the rating. The credit quality of the domestic residential cover pool remains sound. High stakeholder cohesiveness increases the rating floor.

      Scope Ratings affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Wüstenrot

      7/7/2021 Rating announcement EN

      Scope Ratings affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Wüstenrot

      The rating reflects strong support from the cover pool. Stressed maturity mismatches drive the level of rating-supporting overcollateralisation. The sound credit quality of the domestic residential cover pool adds only incremental risk.

      Scope Ratings affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Wüstenrot

      14/7/2020 Rating announcement EN

      Scope Ratings affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Wüstenrot

      The rating reflects strong support from the cover pool. Maturity mismatches drive the rating-supporting overcollateralisation level. The sound credit quality of the domestic residential cover pool adds only incremental risk.

      New analysis on covered bonds issued by Austrian Wüstenrot

      25/7/2019 Monitoring note EN

      New analysis on covered bonds issued by Austrian Wüstenrot

      Scope Ratings has updated its performance report on the Hypothekenpfandbriefe (Austrian mortgage covered bonds) issued by Bausparkasse Wüstenrot AG.

      Scope Ratings affirms at AAA/Stable the Austrian mortgage covered bonds issued by Wüstenrot

      12/7/2019 Rating announcement EN

      Scope Ratings affirms at AAA/Stable the Austrian mortgage covered bonds issued by Wüstenrot

      The rating reflects the strong support from the cover pool. Maturity mismatches drive the rating-supporting overcollateralisation level. The high credit quality of the domestic residential cover pool adds only incremental risk.

      New analysis on Wüstenrot’s mortgage covered bonds

      4/10/2018 Monitoring note EN

      New analysis on Wüstenrot’s mortgage covered bonds

      Scope Ratings has updated its rating report on mortgage-covered bonds issued by Bausparkasse Wüstenrot AG, rated AAA with Stable Outlook.

      Scope upgrades Austrian mortgage covered bonds issued by Bank Burgenland and Wüstenrot to AAA

      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.

      Scope assigns AA+ to Austrian Bausparkasse Wüstenrot AG’s mortgage-covered bonds, Outlook Stable

      6/4/2017 Rating announcement EN

      Scope assigns AA+ to Austrian Bausparkasse Wüstenrot AG’s mortgage-covered bonds, Outlook Stable

      Covered bond ratings reflect the solid credit quality of the issuer, enhanced by a low-risk cover pool.

      Date Title
      04/10/2018 MCB Rating Report, October 2018