DBRS Morningstar Releases Commentary on the Impact of COVID-19 on European Covered Bonds

DBRS Ratings GmbH (DBRS Morningstar) released a commentary titled “COVID-19: the Impact on European Covered Bonds”. We believe that the impact on European covered bond (CB) ratings affected by the moratoria on loan payments in relation to Coronavirus Disease (COVID-19) is likely to be limited in the short term. Additionally, we believe that the CB rating stability depends on the short- to medium- term issuer quality, medium- to long- term asset quality deterioration, and sovereign credit quality deterioration.

This commentary outlines DBRS Morningstar´s views on how the coronavirus outbreak affects the 29 we rate. For more details please read “COVID-19: the Impact on European Covered Bonds” available at www.dbrsmorningstar.com.

Notes:
The commentary is available at www.dbrsmorningstar.com.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com.

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