Announcements

    Drinks

      New analysis on mortgage-covered bonds issued by Wüstenrot
      TUESDAY, 14/09/2021 - Scope Ratings GmbH
      Download PDF

      New analysis on mortgage-covered bonds issued by Wüstenrot

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

      Salzburg-based Bausparkasse Wüstenrot AG’s AAA covered bond ratings reflect a seven-notch rating uplift from the building society’s issuer rating. The primary rating driver is cover pool support resulting from a generous overcollateralisation of 176.2% as of 31 March 2021. Maturity mismatches drive the rating-supporting overcollateralisation level of 12.0%. The high credit quality of the domestic residential cover pool adds only incremental risk.

      Fundamental credit factors provide a credit support of up to four notches shielding the ratings against a deterioration of the cover pools credit quality.

      The covered bonds have been assigned their maximum achievable rating. Therefore, an issuer downgrade or negative change in Outlook would result in commensurate changes in the covered bond ratings.

      This is not a rating action. On 07 July 2021, 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 Finbureau LLC ‘B’ issuer rating with Stable Outlook

      3/7/2025 Rating announcement

      Scope affirms Finbureau LLC ‘B’ issuer rating with Stable Outlook

      Scope affirms Alpha Bank’s issuer rating and withdraws ratings on Alpha Services and Holdings

      30/6/2025 Rating announcement

      Scope affirms Alpha Bank’s issuer rating and withdraws ...

      Scope affirms Danske Bank A/S’s mortgage covered bond rating (Pool D) at AAA, Stable Outlook

      23/6/2025 Rating announcement

      Scope affirms Danske Bank A/S’s mortgage covered bond rating ...

      Scope affirms Danske Bank A/S’s mortgage covered bond rating (Pool C) at AAA, Stable Outlook

      23/6/2025 Rating announcement

      Scope affirms Danske Bank A/S’s mortgage covered bond rating ...

      Perspectives économiques mondiales : tensions commerciales et géopolitiques pèsent sur la croissance

      20/6/2025 Research

      Perspectives économiques mondiales : tensions commerciales et ...

      Global Economic Outlook: US, Europe grow more slowly than expected amid trade, geopolitical tensions

      20/6/2025 Research

      Global Economic Outlook: US, Europe grow more slowly than ...