Announcements

    Drinks

      New analysis on mortgage-covered bonds issued by Austrian Hypo-Bank Burgenland
      THURSDAY, 22/12/2022 - Scope Ratings GmbH
      Download PDF

      New analysis on mortgage-covered bonds issued by Austrian Hypo-Bank Burgenland

      Scope Ratings has updated its report on the Hypothekenpfandbriefe (Austrian mortgage-covered bonds) issued by Bank Burgenland.

      Hypo-Bank Burgenland AG’s AAA mortgage covered bond rating reflects the bank’s issuer rating of A-, enhanced by up to eight notches of cover pool support – six of which are only needed to support the highest rating. Credit risks stemming from the mixed cover pool in combination with asset-liability mismatches drive the level of rating-supporting OC of 10.0%. Risks are generously buffered by available overcollateralisation of 89.9% as of 30 September 2022.

      Provided that the covered bond programme’s risk structure does not change materially, the current covered bond ratings could remain unchanged up to a two-notch downgrade of the issuer – also supporting the Stable Outlook on the covered bonds.

      This is not a rating action. On 28 November 2022, Scope affirmed the covered bonds at AAA/Stable. Click here for the corresponding press release.

      Download the performance update

      Related news

      Show all
      Scope has completed the periodic reviews of Realkredit's covered bonds (capital center C and S)

      4/4/2025 Monitoring note

      Scope has completed the periodic reviews of Realkredit's ...

      French banks quarterly: favourable earnings trajectory challenged by fragile economic recovery

      31/3/2025 Research

      French banks quarterly: favourable earnings trajectory ...

      Scope has completed a monitoring review for KfW

      28/3/2025 Monitoring note

      Scope has completed a monitoring review for KfW

      EU banks NPL heatmaps: asset quality stable for now but downside risks remain

      27/3/2025 Research

      EU banks NPL heatmaps: asset quality stable for now but ...

      Spanish banks quarterly: Competitive dynamics put margins under pressure

      21/3/2025 Research

      Spanish banks quarterly: Competitive dynamics put margins ...

      New analysis on mortgage-covered bonds issued by Wüstenrot

      18/3/2025 Monitoring note

      New analysis on mortgage-covered bonds issued by Wüstenrot