Announcements
Drinks
30/11/2021 Rating announcement EN
Scope affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Bank Burgenland
The rating reflects strong support from the cover pool. Stressed maturity mismatches in combination with credit risks stemming from the mixed cover pool drive the level of rating-supporting overcollateralisation.
19/11/2019 Rating announcement EN
Scope affirms at AAA/Stable the mortgage-covered bonds issued by Bank Burgenland
The rating reflects strong support from the cover pool. Asset-liability mismatches drive the rating-supporting overcollateralisation. The high credit quality of the domestic residential and commcercial mortgage pool adds only incremental risk.
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.
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