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21/11/2024 Rating announcement EN
Scope affirms Bank Burgenland’s Austrian mortgage covered bond rating at AAA/Stable
The rating on Hypo-Bank Burgenland AG’s Austrian mortgage covered bonds (Hypothekenpfandbriefe) reflects the issuer's A- rating enhanced by six notches from governance and cover pool support.
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22/11/2023 Rating announcement EN
Scope affirms at AAA/Stable the Austrian mortgage-covered bonds issued by Bank Burgenland
The rating reflects a combination of cover pool and governance support. Credit risks stemming from the mixed cover pool in combination with interest rate mismatches between assets and liabilitites drive the level of rating-supporting overcollateralisation
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28/11/2022 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. Credit risks stemming from the mixed cover pool in combination with asset-liability mismatches drive the level of rating-supporting OC. High stakeholder cohesiveness increases the rating floor.
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