Hypo-Bank Burgenland AG’s AAA mortgage covered bond ratings reflect the sound credit quality of the issuer, enhanced by up to seven notches of cover pool support – six of which are only needed to support the highest rating. Maturity and interest rate mismatches drive the rating-supporting overcollateralisation. The high credit quality of the domestic residential cover pool adds only incremental risk. Risks are generously buffered by available overcollateralisation.

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On 19 November 2019, Scope affirmed the covered bonds at AAA/Stable. Click here for the corresponding press release.