Bankia S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages): Surveillance Report

On 18 September 2020, DBRS Ratings GmbH (DBRS Morningstar) confirmed its AAA ratings on the Cédulas Hipotecarias (CH or Spanish Covered Bonds) that are outstanding and rated by DBRS Morningstar under the Bankia S.A. Covered Bonds Programme (Bankia CH or the Programme). The confirmations followed the completion of a full review of the Programme.