Announcements

    Drinks

      New analysis on covered bonds issued by Austrian Wüstenrot
      THURSDAY, 25/07/2019 - Scope Ratings GmbH
      Download PDF

      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.

      Salzburg-based Bausparkasse Wüstenrot AG’s AAA covered bond ratings reflect the bank’s issuer rating, enhanced by up to four notches of fundamental credit support and three notches of cover pool support. Maturity mismatches drive the rating-supporting overcollateralisation level. The high credit quality of the domestic residential cover pool adds only incremental risk.

      On 12 July 2019, Scope affirmed the covered bonds at AAA/Stable. Click here for the corresponding press release.

      Download the performance update 

      Related news

      Show all
      Scope affirms JSC Microbank MBC’s B+ issuer rating and changes Outlook to negative

      17/12/2025 Rating announcement

      Scope affirms JSC Microbank MBC’s B+ issuer rating and ...

      European Bank Outlook 2026: late-cycle headwinds put resilience to the test

      12/12/2025 Research

      European Bank Outlook 2026: late-cycle headwinds put ...

      Updated rating report on UniCredit

      12/12/2025 Monitoring note

      Updated rating report on UniCredit

      Scope affirms BNP Paribas’ AA- issuer rating with Stable Outlook

      9/12/2025 Rating announcement

      Scope affirms BNP Paribas’ AA- issuer rating with Stable Outlook

      Scope affirms Credit Agricole SA’s AA- issuer rating with Stable Outlook

      9/12/2025 Rating announcement

      Scope affirms Credit Agricole SA’s AA- issuer rating with ...

      Scope upgrades Deutsche Bank’s issuer rating to A, revises Outlook to Stable

      4/12/2025 Rating announcement

      Scope upgrades Deutsche Bank’s issuer rating to A, revises ...