Methodology
Rating and Monitoring Covered Bonds (Archived)
Covered BondsSummary
This methodology presents the criteria for which the ratings on all types of covered bonds (CB), whether issued under or outside country-specific CB legislation, are assigned and/or monitored.
Available Documents
Related Documents
Press Release:
- DBRS Morningstar Confirms AAA Ratings of Caixabank S.A. Covered Bonds
- DBRS Morningstar Confirms AAA Ratings on Banco Sabadell S.A. Covered Bonds
- DBRS Morningstar Discontinues Its Rating on RBC Covered Bonds, Series CB33
- DBRS Morningstar Discontinues Its Rating on RBC Covered Bonds, Series CB34
- DBRS Morningstar Discontinues Its Rating on RBC Covered Bonds, Series CB39
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB61
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB62
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB63
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB64
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB65
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB66
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB67
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB68
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB71
- DBRS Morningstar Discontinues Ratings on TD Legislative Covered Bonds, Series CBL4
- DBRS Morningstar Confirms AA Rating on Cajasur Banco S.A. Cédulas Hipotecarias
- DBRS Morningstar Assigns AAA Rating to LBC Legislative Covered Bonds, Series CBL2
- DBRS Morningstar Confirms Ratings of Royal Bank of Canada Global Covered Bonds at AAA
- DBRS Morningstar Discontinues Ratings on TD Legislative Covered Bonds, Series CBL15
- DBRS Morningstar Discontinues Ratings on TD Legislative Covered Bonds, Series CBL16
- DBRS Morningstar Discontinues Ratings on TD Legislative Covered Bonds, Series CBL23
- DBRS Morningstar Discontinues Ratings on TD Legislative Covered Bonds, Series CBL27
- DBRS Morningstar Confirms A (high) Ratings on Cajamar Caja Rural S.C.C. Covered Bonds
- DBRS Morningstar Assigns AAA Rating to NBC Legislative Global Covered Bonds, Series CBL17
- DBRS Morningstar Assigns AAA Rating to BMO Global Registered Covered Bonds Series CBL25
- DBRS Morningstar Assigns AAA Rating to BMO Global Registered Covered Bonds Series CBL26
- DBRS Morningstar Assigns AAA Rating to BMO Global Registered Covered Bonds Series CBL27
- DBRS Morningstar Assigns AAA Rating to BMO Global Registered Covered Bonds Series CBL28
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL34
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL35
- DBRS Morningstar Assigns AAA Rating to TD Global Legislative Covered Bonds, Series CBL36
- DBRS Morningstar Discontinues Rating on BNS Global Registered Covered Bonds, Series CBL3
- DBRS Morningstar Assigns AAA Rating to NBC Legislative Global Covered Bonds, Series CBL16
- DBRS Morningstar Assigns AAA Rating to NBC Legislative Global Covered Bonds, Series CBL18
- DBRS Morningstar Assigns AAA Rating to NBC Legislative Global Covered Bonds, Series CBL19
- DBRS Morningstar Confirms Rating of Equitable Bank Global Legislative Covered Bonds at AA
- DBRS Morningstar Confirms and Discontinues the Rating on Liberbank Cédulas Hipotecarias
- DBRS Morningstar Discontinues Rating on BNS Global Registered Covered Bonds, Series CBL15
- DBRS Morningstar Discontinues Rating on BNS Global Registered Covered Bonds, Series CBL17
- DBRS Morningstar Discontinues Rating on BNS Global Registered Covered Bonds, Series CBL18
- DBRS Morningstar Discontinues Rating on BNS Global Registered Covered Bonds, Series CBL31
- DBRS Morningstar Discontinues Rating on NBC Legislative Global Covered Bonds, Series CBL3
- DBRS Morningstar Confirms “A” Ratings on Banco Comercial Português S.A. Covered Bonds
- DBRS Morningstar Discontinues Rating on NBC Legislative Global Covered Bonds, Series CBL14
- DBRS Morningstar Confirms AAA Ratings of Banco Bilbao Vizcaya Argentaria S.A. Covered Bonds
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to RBC Global Covered Bonds, Series CB69 and Series CB70
- DBRS Morningstar Confirms Ratings of Bank of Montreal Global Registered Covered Bonds at AAA
- DBRS Morningstar Discontinues Ratings on TD Legislative Covered Bonds, Series CBL30 and CBL31
- DBRS Morningstar Confirms Rating of Laurentian Bank of Canada Legislative Covered Bonds at AAA
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Confirms Ratings of Bank of Nova Scotia Global Registered Covered Bonds at AAA
- DBRS Morningstar Assigns AAA Ratings to CAFFIL Public Sector Obligations Foncières New Issuances
- DBRS Morningstar Assigns AAA Ratings to CAFFIL Public Sector Obligations Foncières New Issuances
- DBRS Morningstar Confirms NBC Legislative Global Covered Bonds, Series CBL7 at AAA Post-Reopening
- DBRS Morningstar Confirms Ratings of Toronto-Dominion Bank Global Legislative Covered Bonds at AAA
- DBRS Morningstar Assigns AAA Rating to Banco Bilbao Vizcaya Argentaria S.A. Covered Bond New Issuance
- DBRS Morningstar Confirms CAFFIL SCF Public Sector Covered Bonds (SCF - Public Sector - Bullet) at AAA
- DBRS Morningstar Confirms Sparkasse zu Lübeck AG Covered Bonds (Pfandbriefe - Mortgages) Rating at AAA
- DBRS Morningstar Assigns AAA Rating to The Bank of Nova Scotia Global Registered Covered Bonds Series CBL37
- DBRS Morningstar Assigns A (high) Rating to Cajamar Caja Rural S.C.C. Mortgage Covered Bond New Issuance
- DBRS Morningstar Assigns AAA Rating to The Bank of Nova Scotia Global Registered Covered Bonds Series CBL33
- DBRS Morningstar Assigns AAA Rating to The Bank of Nova Scotia Global Registered Covered Bonds Series CBL38
- DBRS Morningstar Assigns AAA Rating to The Bank of Nova Scotia Global Registered Covered Bonds Series CBL41
- DBRS Morningstar Confirms Banco BPI S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) at AA (low)
- DBRS Morningstar Assigns AAA Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL42
- DBRS Morningstar Assigns AAA Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL43
- DBRS Morningstar Assigns AAA Rating to the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL44
- DBRS Morningstar Confirms A (low) Rating on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 2)
- DBRS Morningstar Confirms AA (low) Ratings on Banca Nazionale del Lavoro S.p.A. Covered Bonds (OBG - Mortgages)
- DBRS Morningstar Confirms Ratings of National Bank of Canada Legislative Global Registered Covered Bonds at AAA
- DBRS Morningstar Confirms BBB (high) Ratings on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1)
- DBRS Morningstar Confirms Santander Totta S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) at AA (low)
- DBRS Morningstar Confirms BBB (high) Ratings of Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1)
- DBRS Morningstar Confirms The Bank of Nova Scotia Global Registered Covered Bonds Series CBL36 at AAA Post-Reopening
- DBRS Morningstar Confirms BBB (low) Ratings on Piraeus Bank SA Global Covered Bonds Programme (GCB - Mortgages - CPT)
- DBRS Morningstar Confirms the Bank of Nova Scotia Global Registered Covered Bonds, Series CBL42 at AAA Post-Reopening
- DBRS Morningstar Confirms AA Ratings on Unione di Banche Italiane S.p.A. Covered Bonds (OBG - Mortgages - Programme 1)
- DBRS Morningstar Discontinues Its Ratings on RBC Covered Bonds, Series CB53, Series CB54, Series CB58, and Series CB59
- DBRS Morningstar Discontinues Rating on Cajamar Caja Rural S.C.C. Covered Bonds (Cédulas Territoriales - Public Sector)
- DBRS Morningstar Confirms Novo Banco S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT) Ratings at “A”
- DBRS Morningstar Assigns AA (low) Rating to Series 18 of Banca Nazionale del Lavoro S.p.A. Covered Bonds (OBG - Mortgages)
- DBRS Morningstar Assigns AA (low) Rating to Series 19 of Banca Nazionale del Lavoro S.p.A. Covered Bonds (OBG - Mortgages)
- DBRS Morningstar Discontinues Rating on Bank of Montreal (Global Registered Covered Bond Program) Covered Bonds, Series CBL9
- DBRS Morningstar Assigns AAA Ratings to The Bank of Nova Scotia Global Registered Covered Bonds Series CBL34 and Series CBL35
- DBRS Morningstar Assigns AAA Ratings to The Bank of Nova Scotia Global Registered Covered Bonds Series CBL39 and Series CBL40
- DBRS Morningstar Assigns BBB (high) Rating to Series 647 of Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1)
- DBRS Morningstar Discontinues Rating on Bank of Montreal (Global Registered Covered Bond Program) Covered Bonds, Series CBL11
- DBRS Morningstar Discontinues Rating on Bank of Montreal (Global Registered Covered Bond Program) Covered Bonds, Series CBL19
- DBRS Morningstar Confirms Ratings on Series Outstanding under Banco BPM Covered Bonds (OBG - Mortgages - Popolare Programme 1)
- DBRS Morningstar Upgrades Ratings on Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgages Programme 1) to AA
- DBRS Morningstar Assigns AA (low) Rating to Santander Totta S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) Series 27
- DBRS Morningstar Confirms “A” Ratings on Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgages` Programme 2)
- DBRS Morningstar Assigns AA Rating to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG - Mortgages - Programme 1) Series 29
- DBRS Morningstar Confirms Caixa Económica Montepio Geral Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT) at BBB (high)
- DBRS Morningstar Confirms “A” Rating on Banco Comercial Português S.A. Covered Bonds (Obrigacoes Hipotecarias - Mortgages) Series 7
- DBRS Morningstar Assigns “A” Rating to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Series 42
- DBRS Morningstar Assigns “A” Rating to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Series 43
- DBRS Morningstar Assigns “A” Rating to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Series 44
- DBRS Morningstar Assigns “A” Rating to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Series 45
- DBRS Morningstar Assigns Provisional Rating of AA to Equitable Bank (Global Legislative Covered Bond Programme) Covered Bonds, Series CBL1
- DBRS Morningstar Places Rating on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Under Review with Positive Implications
- DBRS Morningstar Finalizes Provisional Rating of AA on Equitable Bank (Global Legislative Covered Bond Programme) Covered Bonds, Series CBL1
- DBRS Morningstar Places Ratings on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1) Under Review with Positive Implications
- DBRS Morningstar Places Ratings on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 3) Under Review with Positive Implications
- DBRS Morningstar Confirms A (high) Ratings on Intesa Sanpaolo S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Guaranteed by ISP OBG S.r.l.
- DBRS Morningstar Upgrades Ratings on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1) to BBB (high) and assigns rating to Series 646
- DBRS Morningstar Publishes Final Rating and Monitoring Covered Bonds Methodology and Updated Market Value Spreads Addendum
- DBRS Morningstar Confirms AA Ratings on Deutsche Bank A.G. Conditional Pass-Through Structured Covered Bonds (Structured – Mortgages) Guaranteed by SCB Alpspitze UG
Contacts
Ketan Thaker
Managing Director - European RMBS & Covered Bond Ratings
+(44) 20 3356 1525
ketan.thaker@morningstar.com- Paul Bretzlaff
Senior Vice President, Sector Lead - Canadian Structured Finance Ratings
+(1) 416 597 7330
paul.bretzlaff@morningstar.com - Christian Aufsatz
Managing Director - European Structured Finance Ratings
+(44) 20 7855 6664
christian.aufsatz@morningstar.com - Tim O'Neil
Managing Director - Canadian Structured Finance Ratings
+(1) 416 597 7477
tim.oneil@morningstar.com
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