Announcements
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4/3/2025 Rating announcement EN
Scope affirms Bausparkasse Wüstenrot AG’s Austrian covered bond rating at AAA, Stable Outlook
The rating on Bausparkasse Wüstenrot AG’s (Wüstenrot) Austrian mortgage Pfandbirefe reflects the issuer's credit strength enhanced by seven notches from governance and cover pool support. One notch buffer against an issuer downgrade.
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.
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.
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.
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.
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.
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