Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 3): Surveillance Report

On 21 May 2020, DBRS Ratings GmbH (DBRS Morningstar) confirmed its BBB (high) ratings of the obbligazioni bancarie garantite (OBG; the Italian legislative covered bonds) issued under the EUR 3,000,000,000 Banca Carige S.p.A. Covered Bonds Programme (Carige OBG3 or the Programme). This rating action followed the completion of a full review of the Programme.

As of 21 May 2020, there were three series of OBG, guaranteed by Carige Covered Bond S.r.l., totalling an outstanding nominal amount of EUR 530 million under the Programme. For further detail on these ratings, please see this report.